Premium on redemption and period of conversion
Premium on redemption & period of conversion for debentures who decides the amount?
Expert
Company determines the amount of premium on redemption and period of conversion for debentures as the period of conversion that has been there in SEBI is confined to only thirty six months. If any conversion has to be completed then the credit rating is needed. The premium on redemption and period of conversion for debentures has to be defined clearly and it must be prearranged in the prospectus. The company is then free to decide the rate of interest that will be payable according to the company guidelines.
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