+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 *

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

127663 comments

  • Comment Link Brandie Tuesday, 27 June 2017 18:58 posted by Brandie

    Hi there, You've done an incredible job.
    I'll certainly digg it and personally recommend to
    my friends. I'm confident they will be benefited from
    this site.

  • Comment Link Larry Tuesday, 27 June 2017 18:45 posted by Larry

    Quality articles or reviews is the key to interest the visitors to pay a visit the site, that's what this website is providing.

  • Comment Link sheffieldoi Tuesday, 27 June 2017 18:22 posted by sheffieldoi

    Sowohl allen?
    [url=http://menishikhqrl.tumblr.com/]sheffieldoi[/url]

  • Comment Link Broderick Tuesday, 27 June 2017 18:17 posted by Broderick

    El empleado no puede acceder a la compañía sin su tarjeta magnética, con los
    relojes fichadores de huella digital se suprimen los costes de anotar manualmente fichajes no realizados
    por perder la tarjeta magnética. O.K. SOCHOAM si se de algo
    te avisare, pero creo q si varia por el tipo de reloj.

  • Comment Link Waylon Tuesday, 27 June 2017 17:48 posted by Waylon

    Everything is very open with a precise explanation of the challenges.
    It was definitely informative. Your site is very useful. Many thanks for sharing!

  • Comment Link Anne Tuesday, 27 June 2017 17:08 posted by Anne

    Hmm it looks like your website ate my first comment (it was super long) so I guess I'll
    just sum it up what I wrote and say, I'm thoroughly enjoying your blog.
    I as well am an aspiring blog writer but I'm still new to everything.
    Do you have any recommendations for beginner blog writers?

    I'd definitely appreciate it.

  • Comment Link Sammy Tuesday, 27 June 2017 16:20 posted by Sammy

    I have read so many articles concerning the blogger lovers however this article is genuinely a fastidious post,
    keep it up.

  • Comment Link Young Tuesday, 27 June 2017 16:08 posted by Young

    Hello There. I found your blog using msn. This is a
    really well written article. I'll be sure to bookmark it and return to read more of your
    useful info. Thanks for the post. I'll definitely comeback.

  • Comment Link Cheap NFL Jerseys China Tuesday, 27 June 2017 15:45 posted by Cheap NFL Jerseys China

    It was classic Bob. Small financial savings will contribute as time passes, and you can be saving that cash for old age, or possibly a massive addition that you might want to buy. To finally relax, sit in a splits position with both legs bent. So I don't know what that was about. We require to be amongst people.
    Cheap NFL Jerseys China http://www.cheapjerseyswholesalejerseys.us.com/

  • Comment Link Annette Tuesday, 27 June 2017 15:31 posted by Annette

    Yes! Finally someone writes about best security.

Leave a comment

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