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Coversion of share warrants into equity shares at a premium

rushi (article) (125 Points)

17 May 2012

Can Someone tell me what all Statutory compliances a Listed company has to Abide by when it Converts Share warrants into equity shares?

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CSAnkita Arora (Company Secretary) (65 Points)
Replied 17 May 2012

Hello Rushi,

In-principle approval is required upto allotment of warrants from stock exchange, as warrants are not the part of share capital no need to file Form-2 Return of allotment( It is for shares not for warrants). When warrants are converted into shares then apply for the in-principle approval for the listing of shares within 30 days.

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