Draft Public Companies (Terms of Issue of debenture and of raising of loans with option to convert such debentures or loans in to shares) Rules, 2011

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To simplify the procedure for converting debentures or loans into shares, MCA is considering to revise the Public Companies (Terms of Issue of debenture and of raising of loans with option to convert such debentures or loans into shares) Rules, 1977 and has issued draft of the revised rules. The draft rules are open for comment till 29 July 2011. We are reproducing the notification regarding the same.

Comments Invited by 29th July, 2011 on draft notification regarding Public Companies (Terms of Issue of Debentures and of rasining of loans with option to convert such debentures or loans in to shares) Rules, 2011.