Replace Digital Signature from the Convertible Debenture and eSign it in minutes

Aug 6th, 2022
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  1. Drag and drop your file to the Dashboard or add it from cloud storage solutions.
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How to Replace Digital Signature from the Convertible Debenture

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digital signatures rely on a symmetric key cryptography so before we talk about digital signatures lets quickly remind ourselves how a symmetric key cryptography works with asymmetric key cryptography theres a pair of mathematically related keys if you encrypt a message with one of the keys than the other key and only the other key can be used to decrypt it this is Albert and this is Sheila if Sheila wants Albert to send her a secret message she needs an asymmetric a pair of keys a computer program can generate these for her she sends Albert a copy of one of the keys and she keeps the other key to herself instead of sending Albert a key she could put a key in a public place for him to go and fetch himself it doesnt matter if someone else gets a copy of the public key Albert uses the public key to encrypt his message when Albert has encrypted the message he sends a Sheila the ciphertext only Sheila can decrypt the ciphertext because only Sheila has the matching key the private key tr

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A convertible debenture can be transformed into equity shares after a specific period. The option of converting debentures into equity shares lies with the holder. A convertible debenture will provide regular interest income via coupon payments and repayment of the principal amount at maturity.
A compulsory convertible debenture (CCD) is a bond that must be converted into stock at its maturity. It is a hybrid security, neither bond nor stock. A senior convertible note is a debt security that contains an option making the note convertible into a predefined amount of the issuers shares.
Debentures can either be redeemed at premium or par. Redemption signifies repaying the number of debentures to debenture holders. All terms and conditions accompanying redemption are mentioned in a companys prospectus that initiates an invite for issuance of debentures.
Under Section 71 (1) of the Companies Act, 2013, a company may issue debentures with an option to convert such debentures into shares, either wholly or partly at the time of redemption.
Debentures are usually redeemable i.e. either redeemed in cash or convertible after a time period. Redeemable debentures may be redeemed: ➢ after a fixed number of years; or ➢ any time after a certain number of years has elapsed since their issue; or ➢ on giving a specified notice; or ➢ by annual drawing.
Hold Board Meeting and pass the Board Resolution for Conversion of CCD into Equity Shares along with approving Notice of Genernal Meeting for the approval of Shareholders of the Company. Hold General meeting of the Shareholders of the Company and pass the Special Resolution for Conversion of CCD into Equity Shares.
Conversion of Debentures into New Debentures or Equity Shares. This is the most common mode for redeeming debentures by converting them into equity shares or preference shares. In this case, the company has to prefix the term convertible to the debentures in their balance sheet.
A fully convertible debenture (FCD) is a type of debt security in which the entire value is convertible into equity shares at the issuers notice. The ratio of conversion is decided by the issuer when the debenture is issued. Upon conversion, the investors enjoy the same status as ordinary shareholders of the company.

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