2024 Beetle Convertible Debentures. — the key change introduced is that effectively, on and after 1 january 2024, if an entity has any listed ncds outstanding or issues any listed ncds, then all other. — whether fully convertible or partially convertible, the convertible debentures can be converted into equity shares, either after the expiration of the specified term, or.
— the biggest hit will be on foreign direct investments (fdi) in compulsorily convertible debentures (ccds), where the income tax rate on capital gains has gone up. Typically, a convertible debenture is issued by a company.