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MEMBERSHIP. — SPCC STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceSPCCMEMBERSHIP.3 Marks
Question
How does a convertible debenture holder become a member?
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Answer

When a debenture holder himself is a convertible debenture and converts to debenture equity at a fixed term, the debenture holder becomes a member by holding equity shares and his name is entered in the membership card.

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