issue of convertible debenture
This query is : Resolved
Sajjala Patil
(Querist)
21 December 2009
in case of issue of convertible debeture, wen to increase authorised capital??
Ankur Garg
(Expert)
21 December 2009
Hello,
At the time of passing of resolution for the issue of convertible debeture, authorised capital is not a matter of concern.
However when you are in process to convert the convertible debeture in to equity shares you have to take care of authorised capital.
So when you convert the convertible debeture then remember proposed share capital should not be more than authorised capital. So the deciding time is conversion of convertible debeture and not the issue of convertible debeture.
Regards
At the time of passing of resolution for the issue of convertible debeture, authorised capital is not a matter of concern.
However when you are in process to convert the convertible debeture in to equity shares you have to take care of authorised capital.
So when you convert the convertible debeture then remember proposed share capital should not be more than authorised capital. So the deciding time is conversion of convertible debeture and not the issue of convertible debeture.
Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Form 144 TDS Return Validation Error – Mandatory Fields
- TDS- 2026-27 Q1 Correction
- Capital gains in IT returns
- LLP audit and disclosure
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Advances to related party
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Form 144 TDS Return Validation error
- Ito add credit side of bank
- Employee secondment
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
