Redemption of Compulsorily convertible debentures

A compulsory convertible debenture (CCD) is a type of bond which must be converted into stock by a specified date. So specified date is important here. Before that date not valid.

CCD itself stands that it will Convert into Shares at such price in future date, and That's why Relaxation from Deposit regulations also given, Else considered as unsecured debentures which need to be listed on RSE (even by private companies) or secured by appointing DT and Securing with assets and filing Charge to ROC, Even though it's possible only through NCLT approval. (C&A)