Q.3: WHETHER EXTENSION OF COMPULSORILY CONVERTIBLE PREFERENCE SHARES (CCPS) OR COMPULSORILY CONVERTIBLE DEBENTURES (CCDS) REQUIRES RBI APPROVAL?

Tenor of convertible instruments will be guided by the instructions framed under the Companies Act, 2013 and the rules framed thereunder. However, the investee company should ensure that the price/ conversion formula of convertible capital instruments is determined upfront at the time of issue of the instruments. 

The price at the time of conversion should not in any case be lower than the fair value worked out, at the time of issuance of such instruments, in accordance with the extant FEMA regulations.

Have you violated FEMA due to ignorance? Did you receive ED notice for FEMA violation?

Schedule your Tele-Appointment with Ozgians to save your precious time and hard-earned money on unwanted legal costs for your FEMA / RBI and Enforcement Directorate related matters.

#FemaCompliance #FemaConsultant #fcraregistration #femaviolation #EDsummons #DebitCardBlocked #CreditCardBlocked #OnlineForexTrading #MoneyLaunderingCase #ozglawyer #MarginPayment #ForexTrading

Consultation ₹4141 ☎️ ozglaw.com/

Get Email Advisory ☎️ ask@fema.in

#fcgpr #OzgLaw #forextrader #FemaConsultant #FcraConsultant #RbiCompliance #OzgLawyers #LRSScheme #EDraid #OzgIndia #FATF #WhatsAppGroup

WhatsApp / DM 📲 @FEMAconsultant  

24/7 Support Chat ☎️ 8779696580