परिवर्तनीय (en. Convertible)

Thereafter in the year 1994, the appellant entered into a Subscription Agreement with ICICI for allotting 75,000 Cumulative Convertible Preference Shares (CCP) under Share Certificate No.

We have issued foreign currency convertible bonds valued at Rs 3,000 crore and we hope this will be converted into equity next year.

(3) This section applies to the undertaking, if the sale proceeds of articles or things or computer software exported out of India are received in, or brought into, India by the assessee in convertible foreign exchange, within a period of six months from the end of the previous year or, within such further period as the competent authority may allow in this behalf.

The Reserve Bank has stated that the company has passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs.

DLF had received shareholders approval last month to raise up to Rs 5,000 crore through non-convertible debentures.

Ex-post facto approval for issuance of convertible preference shares for issuance and operations of ‘pre-paid payment instrument’ in India.

The US dollar and the euro will remain the major convertible currencies globally.