Fully convertible debentures

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Khushboo Maheshwari (Querist)
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16 February 2013 Our company had issued fully convertible debentures and had also paid the stamp duty on the certificate. Now we are converting them into equity, can the stamp duty paid on debenture certificate adjusted ??

Also can anyone provide the letter to be issued intimating the debenture holder about conversion of shares and then allotment of shares

Ajay Mishra

Ajay Mishra (Expert)
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17 February 2013 Hi

No, it will not be adjusted. It will be stamped by the company on share certificate as it issue to new investor.

Khushboo Maheshwari

Khushboo Maheshwari (Querist)
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18 February 2013 ohh Double duty :(

Can anyone provide the format of the letter to be issued to the debenture holders informing them about the conversion

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