Web(c) New Investors shall have the right to convert at their option whole or part of the outstanding (which shall include all amounts due under the OCD including coupon and … WebJan 17, 2024 · As per Section 45 of IT Act, the conversion of debentures into shares is not a transfer. Hence no capital gain arises on the conversion. However, the conversion of CCD into share capital is a transaction. The subject company gives equity shares to …
Tax rules on preference shares, CCDs Mint
WebThe CCD Holder/ Investor(s) may exercise the option of conversion at any time on or before 18 months from the date of their allotment. In case the CCD Holder/ Investor(s) do … WebOct 14, 2024 · A convertible debenture is a type of long-term debt issued by a company that can be converted into shares of equity stock after a specified period. gold house music
India: Capital Gains Tax On Conversion Of Compulsorily …
WebJul 8, 2014 · a. The Debentures shall be converted into equity shares of the Company in 1:1 ratio, that is, for one Debenture one equity share of the Company will be issued. The process of conversion of the Debentures shall be as provided in this paragraph 4: b. In order to effect a conversion of Debentures into equity shares of the Company, the … WebJul 5, 2024 · CCD or Compulsory Convertible Debenture is a hybrid security that is neither purely debt nor equity. These debt instruments have to mandatorily get converted. Due … WebFeb 15, 2024 · There are three types of shares which form a part of the Issued Capital. – Equity Shares – Equity Shares with differential voting rights – Preference Shares 4. They have a value which they hold (Face/Nominal Value) and on payment of that value by a person, the individual becomes a shareholder in the company. gold house nahunta