Sharda Fertilizers Ltd., a listed company, proposes to make an issue of foreign currency convertible bonds (FCCBs) under the automatic route. You are required to answer the following with reference to the scheme, viz. th
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2015
Sharda Fertilizers Ltd., a listed company, proposes to make an issue of foreign currency convertible bonds (FCCBs) under the automatic route. You are required to answer the following with reference to the scheme, viz. the Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 — Whether FCCBs can be attached with warrants ?
Answer & Explanation:
No, Issue of FCCBs with attached warrants is not permitted.
Topics: Foreign Currency Convertible Bonds (FCCBs)
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