+91 9990092692 | +91 9953095274 info@startup-movers.com Startupmovers
Log in Register

Login to your account

Username *
Password *
Remember Me

Create an account

Fields marked with an asterisk (*) are required.
Name *
Username *
Password *
Verify password *
Email *
Verify email *
Captcha *
Reload Captcha

Procedure to issue Compulsory Convertible Preference share/Debenture

  • Thursday, 10 December 2015 13:35
  • Written by 

Procedure to issue Compulsory Convertible Preference share/Debenture [section 42 read with section 55 or section 71 of Companies Act, 2013]

  1. Call meeting of Board of Directors.
    • Issue notice of meeting at least 7 days before the date of Board meeting
    • Attach agenda of board meeting
  2. Hold the board meeting
    • Check the quorum
    • Identify the person to whom you’ll issue the compulsory convertible preference share/Debenture
    • Prepare list of such persons
    • Prepare draft offer letter
    • Pass board resolution for approval of offer letter
    • Issue notice of general meeting (at least 21 days’ notice)
    • Authorize director of company to issue notice of general meeting.
  3. Hold EGM
    • Check Quorum.
    • Present offer letter.
    • Pass S.R. for private placement.
    • Pass S.R. for issue CCPs u/s 55 or u/s 71 for CCDs.
  4. Circulate letter of offer in form PAS-4
    • issue offer letter within 30 days of general meeting
  5. File form MGT-14 within 30 days of passing of S.R.
  6. Open separate bank account
    • the payment to be made for subscription to securities shall be made from the bank account of the person subscribing to such debentures
    • The company shall keep the record of the Bank account from where such payment for subscription has been received.
  7. File form GNL-2 within 30 days of circulation of offer letter Attachment :
    • PAS-4
    • PAS-4
  8. Call board meeting after receiving of allotment of money.
  9. Hold the board meeting
    • Present list of allottees
    • Authorize to 2 directors and a authorize person to sign certificate.
    • Pass resolution for allotment of CCPs/CCDs (within 60 days)
  10. File PAS-3 with ROC
    • List of allottees
    • Board resolution for allotment of CCPs/CCDs
  11. Issue CCPs/CCDs certificate

9823 comments

  • Comment Link Judi Saturday, 19 August 2017 12:10 posted by Judi

    A very flattering sweetheart neckline will disclose your shoulders and neckline
    to help you really shimmer around the dance floor.
    But if you become knowledgeable about the five, you'll get an incredible begin understanding rockabilly music and what makes it so special.
    There can be a great deal of stretching and twisting linked to the full
    ballet recital and several with the major quads will probably
    be put under severe pressure within a performance or training session.

  • Comment Link Maryjo Saturday, 19 August 2017 12:07 posted by Maryjo

    After exploring а hajdful of the blog articles on your blog, I truly
    likie youг technique of blogging. І saved
    ɑs a favorite іt tо my bookmark website list andd ѡill bе checking back
    soon. Please check out mу webste too and tell me your opinion.

  • Comment Link Berry Saturday, 19 August 2017 11:59 posted by Berry

    Hola

    Esta genial tu articulo y hay muchas cosas que no conocía que
    me has enseñado, esta maravilloso.. te quería reconocer el
    periodo que dedicaste, con unas infinitas gracias, por
    instruir a gente como yo jejeje.

    Adios

  • Comment Link Brain Saturday, 19 August 2017 11:50 posted by Brain

    If you deire to obtain mudh from this article then you have to apply these methods to your won webpage.

  • Comment Link http://www.rockma.se/hermes.asp Saturday, 19 August 2017 11:50 posted by http://www.rockma.se/hermes.asp

    I got this headphonesof my personal mom of mothers day, furthermore she definitely liked that it! It is actually adorable headphonesand stating on the card it comes in the box is really sentimental!! And excellent of beads is ideal!

  • Comment Link http://www.ja-trax.com/fr/soledshoes.asp Saturday, 19 August 2017 11:50 posted by http://www.ja-trax.com/fr/soledshoes.asp

    I have your headphonesto the mom of moms evening, then she completely adored they! It is truly cute headphonesand stating on the card you already know will come in box is very emotional!! As well as the excellence of beads is ideal!

  • Comment Link Russel Saturday, 19 August 2017 11:49 posted by Russel

    :)

    Estuve leyendo tu artículo y hay cuantiosas información que
    no conocía que me has aclarado, esta genial.. te quería devolver el espacio que dedicaste, con unas infinitas gracias,
    por instruir a personas como yo jojojo.

    Saludos

  • Comment Link Edgardo Saturday, 19 August 2017 11:49 posted by Edgardo

    I ggot tһіѕ web site from my friend ᴡhο toⅼd me on the topic of
    tһis web site and now this time I am visiting tһis web page and reading verү informative articles ɑt thіѕ tіmе.

  • Comment Link 2017 Christian Louboutin Outlet Online Saturday, 19 August 2017 11:48 posted by 2017 Christian Louboutin Outlet Online

    I got this one headphonesto the mom to mothers time, then she absolutely adored things! Its completely adorable headphonesas well as the saying in the card your will come in package is really sentimental!! And the grade of beads are very good!

  • Comment Link http://www.etiquette-icb.fr/outlet.php Saturday, 19 August 2017 11:48 posted by http://www.etiquette-icb.fr/outlet.php

    I had gotten it headphonesfor the our mom towards parents day, as well as she completely loved this! Their actually attractive headphonesand suggesting on the card it comes in the box is really emotional!! As well as the excellent of beads are ideal!

Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.