Conversion of ECB into Equity

[Jay Pansuria]

Dear Members

Can we convert ECB into Equity, if there is no clause of conversion in agreement and no special resolution passed for conversion at the time of taking ECB.

The ECB is taken by an Indian company whose Holding Company is based in foreign.

--

THANKS & REGARDS

JAY B. PANSURIA

M.No. +91-9408076056

DISCLAIMER:

The information contained in this e Mail is confidential and may be  legally privileged. It is intended solely for the use of the  individual or entity to whom it is addressed and others authorized to receive it. If you are not the intended recipient you are hereby notified that any disclosure, copying, distribution or taking any action in reliance on  the contents of this information is strictly prohibited and may be  unlawful. Due to the fact that e-mails are prone to manipulation and can be misleading as to the identity of the sender, the foregoing statements and comments shall have no legal validity. This is for your own protection as well as ours. Thus, E-mails shall be sent for information purposes only.

Don't print this e-mail unless it's really necessary

Please consider your environmental responsibility before printing this e-mail.