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Section 197 Companies and Allied Matters Act (CAMA) 2020

Section 197 CAMA 2020

Convertible debentures

Debentures may be issued upon the terms that in lieu of redemption or repayment, they may, at the option of the holder or the company, be converted into shares in the company upon such terms as may be stated in the debentures.

See also  Section 372 Companies and Allied Matters Act (CAMA) 2020

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