what do you mean by non convertible debentures
Answers
Non-convertible debentures are those debentures which cannot be converted into equity shares throughout the time they have been with the business. They only get redeemed either by draw method, annual installment method, own purchase method, fresh issue method or general redemption techniques after the maturity period has elapsed or if the company was wound up / dissolved.
Convertible Debentures are debentures which can be converted into equity shares after a specific period of time from the date of issuance on filling an Option Form to convert debentures into equity shares. These converted debentures into equity shares are at par with the existing equity shares and you will get the return just like any other shareholder does based on the proportion of shares you hold.