stall the proceedings as a result whereof the majority of
debenture holders would be deprived, the purpose or object
motivating the Appellants to advance such ... huge amount to
the Respondent against issue of debentures is a matter of
little or of no concern to the Respondent - company or other
debenture
first
time, in the rejoinder seeks to describe itself as a debenture
trustee, to overcome the fact that it is not a creditor. That ... bonds issued by the respondent are not debentures under the
provisions of the Companies Act and hence the petitioner cannot
claim as a debenture trustee
entire gains on the sale of equity shares and Compulsorily Convertible
Debentures (CCDs) held by the petitioner are not exempt from income tax
in India ... resident of Mauritius on
sale of equity shares and Compulsorily Convertible Debentures
(CCDs) held by the Applicant in SH Tech Park Developers
Private Limited
capital nature. The respondent assessee had issued
15% Unsecured Redeemable Non-convertible Debentures carrying
interest @15% per annum. In order to repay the debentures ... observed that the appellant had
outstanding 15% Unsecured Redeemable Non-convertible
Debentures of Rs. 100 Crores as on 31.03.1999 and these
debentures were
tune of Rs.44,87,308/- incurred in the
issue of debentures could be allowed as
revenue expenditure?"
5. We have heard learned counsel ... length. Facts would
clearly indicate that assessee company had
issued convertible debentures of Rs. 125/-
each of which Rs. 45/- each was to be
converted
tune of Rs.24,43,257/- incurred in issue of
Debentures could be allowed as revenue
expenditure?"
6. We have heard learned counsel ... TAXAP/93/2002 JUDGMENT
clearly indicate that assessee company had
issued convertible debentures of Rs. 125/-
each of which Rs. 45/- each
Income Tax Tribunal is right in law in holding that interest on debentures will not form part of chargeable interest under the Interest ... distillers, which got amalgamated with M/s.Herbertson Limited. On such amalgamation, debentures were issued by the new company in respect of the interest earned
Section 559 in The Companies (Incorporation) Rules, 2014
559. of the Companies Act, 1956
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conversion into a private company, effect of such conversion on shareholders, creditors, debenture holders, deposit holders and other related parties; (d) details of any conversion ... There shall be attached to the application, a list of creditors, debenture holders, drawn up to the latest practicable date preceding the date of filing
Remarks
Authentication/ signature
(18)
(19)
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Form No. MGT-2
Register of debenture holders/ other securities holders
[Pursuant to section ... company:
Registered office address:
(TO BE MAINTAINED SEPARATELY FOR EACH CLASS OF DEBENTURES / OTHER SECURITIES IN RESPECT OF EACH HOLDER)
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Class of debentures / other securities
