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The government has extended the time limit for startups to convert debt investments made in the company into equity shares. What is the new timeline?
A)
5 years
B)
10 years
C)
12 years
D)
15 years

Correct Answer : Option (B) - 10 years


The government has increased the timeline for startups to convert debt investments (convertible note) made in the company into equity shares  up to ten(10) years. Earlier this limit was five(5) years.

Published On : March 21, 2022
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