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CCD'S can be issued at any amount. There is no minimum amount criteria. Convertible Notes can be issued without prior valuation. The company raising funds should be recognized as a Startup Company by the government.
Fully Convertible Debenture: These are debentures in which the whole value of debentures can be converted into equity shares of the company. Partly Convertible Debenture: In this kind of debentures, only a part of the debentures will be eligible for conversion into equity shares.
Unless the articles of incorporation or bylaws provide otherwise, action required or permitted by this chapter to be taken at a board of directors' meeting may be taken without a meeting if the action is taken by all members of the board.
A convertible debenture differs from convertible notes or convertible bonds, generally in that debentures have longer maturities.
A convertible debenture is a hybrid financial instrument that has both fixed income and equity characteristics. In its simplest terms, it is a bond that gives the holder the option to convert into an underlying equity instrument at a predetermined price.
What are the main differences between NCDs and CCDs? NCDs provide fixed returns without an option for conversion into equity, while CCDs offer potential equity conversion at a predetermined time, combining debt and equity features.
Next, a convertible bond yields interest payments that can also be converted into equity or stock as well. Convertible debt is pure capital and does not have interest payments associated with it.
ORS Chapter 65 ? Nonprofit Corporations.