Section 15: Conversion of non­equity securities into equity securities

15. Conversion of non­equity securities into equity securities.—Where any debentures, bonds or any other non­equity securities, whether partly or wholly convertible into equity securities or with warrants to subscribe to equity securities of an issuer, are converted into equity securities, a central depository shall take appropriate action, in accordance with the regulations, in respect of the book­ entry securities representing such debentures, bonds or other non­equity securities to give effect to such conversion.

Effective date: 1997-01-01

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