Treatement of warrents


This query is : Resolved 

24 May 2008 Company has issued warrents to parties covered u/s 301 of the companies act.And the warrent would be converted into equity after 18 months from the date of issue should above transaction be treated as preferntial allotment of shares.

26 May 2008 in my opinion, it is not an allotment of shares. warrants are not shares in itself.


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