Roll over of non convertible portion of partly convertible debt instruments

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..... tly convertible debt instruments issued by a listed issuer, the value of which exceeds fifty lakh rupees, may be rolled over without change in the interest rate, subject to compliance with the provisions of section 121 of the Companies Act, 1956 and the following conditions: (a) seventy five per cent. of the holders of the convertible debt instruments of the issuer have, through a resolution, a .....

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..... rity and execution of fresh trust deed shall not be mandatory if the existing trust deed or the security documents provide for continuance of the security till redemption of secured convertible debt instruments; Provided that whether the issuer is required to create fresh security and to execute fresh trust deed or not shall be decided by the debenture trustee. - - statute, statutory provis .....

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