+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

9822 comments

  • Comment Link Daniele Saturday, 19 August 2017 07:53 posted by Daniele

    Hola

    Muy motivante tu redacción y hay muchas cosas que no conocía que me has aclarado, esta maravilloso..

    te quería reconocer el espacio que dedicaste, con unas infinitas gracias, por preparar a gente como yo jojojo.


    Besos

  • Comment Link Leesa Saturday, 19 August 2017 07:53 posted by Leesa

    Hello, i think that i saw you visited my web site thus i came to “return the favor”.I
    am attempting to find things to improve my website!I
    suppose its ok to use some of your ideas!!

  • Comment Link Jasmin Saturday, 19 August 2017 07:53 posted by Jasmin

    Fastidious respond in return of this query with firm arguments and telling the whole thing regarding that.

  • Comment Link Sol Saturday, 19 August 2017 07:53 posted by Sol

    :)

    Esta genial tu articulo y hay demasiadas cosas que no conocía que me has
    aclarado, esta espectacular.. te quería reconocer el tiempo que dedicaste, con unas infinitas gracias,
    por aconsejar a personas como yo jejeje.

    Besos

  • Comment Link Dena Saturday, 19 August 2017 07:52 posted by Dena

    Hi, i believe that i noticed you visited my blog so i came to go back the desire?.I'm trying to
    to find issues to enhance my site!I guess its ok to make
    use of some of your concepts!!

  • Comment Link Joesph Saturday, 19 August 2017 07:52 posted by Joesph

    :)

    Muy motivante tu artículo y hay demasiadas información que no conocía que me has aclarado, esta espectacular..

    te quería devolver el periodo que dedicaste, con unas
    infinitas gracias, por instruir a personas como yo jijiji.


    Saludos

  • Comment Link Jani Saturday, 19 August 2017 07:52 posted by Jani

    Hola

    Que tiempo has dedicado a tremendo a porte y hay demasiadas información que no conocía que
    me has enseñado, esta maravilloso.. te quería reconocer el tiempo que dedicaste, con unas infinitas gracias, por instruir a gente como yo jajaja.


    Besos, saludos

  • Comment Link Ulrich Saturday, 19 August 2017 07:52 posted by Ulrich

    Hola

    Estuve leyendo tu redacción y hay muchas información que
    no sabía que me has enseñado, esta genial..
    te quería corresponder el periodo que dedicaste, con unas infinitas gracias,
    por enseñarle a personas como yo jujuju.

    Saludos

  • Comment Link Klaudia Saturday, 19 August 2017 07:52 posted by Klaudia

    :)

    Que tiempo has dedicado a tremendo a porte y hay
    muchas cosas que no sabía que me has aclarado, esta maravilloso..
    te quería corresponder el tiempo que dedicaste, con unas infinitas gracias,
    por aconsejar a gente como yo jujuju.

    Besos

  • Comment Link Pedro Saturday, 19 August 2017 07:51 posted by Pedro

    :)

    Que tiempo has dedicado a tremendo a porte y hay muchas cosas que
    no conocía que me has enseñado, esta espectacular..

    te quería agradecer el periodo que dedicaste,
    con unas infinitas gracias, por preparar a gente como yo jijiji.


    Saludos

Leave a comment

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