is conversion of debentures into shares included in the syllabus of 2016 ?

Redemption of debentures by conversion method has been excluded from the prescribed syllabus of Accountancy board exam of 2016. For detailed syllabus, you can follow the below link.

https://www.meritnation.com/cbse/class12-commerce/synopsis/accountancy/partnership-accounts/1_15_17_435