banner_ad

resolution

Others 948 views 5 replies

Can any one give me a draft copy of resolution for converting unsecured loan into sharecapital

 

sree

Replies (5)

I don't have the same. But following details are included in the resolution.

(1) Total Amount of Unsecured Loan

(2) Total No. of the Equity shares to be allotted

(3) Face value of Equity share

(4) SWAP ratio

(3) Authority to dirtector to file form no. 2 & other necessary procedure.


Sir,

Thank you for reply.

 RESOLVED THAT pursuant to provisions of section 75 of the Companies Act, 1956 and Articles of Association of the Company, a total of 4,00,000 (Four  Lakhs only ) fully paid-up equity shares of Rs. 10/- each be and are hereby allotted to..........................(Name of the Allottee(s)) by converting the existing loan given by them to the company”.

 

M.J. Mani I want add further resolution in ur resolution which will make it complete.

FURTHER RESOLVED THAT Shri.................,Director of the Company is be and hereby authorise to take  necessary action for giving effect to the above resolution"

Sir,

Thank you very much.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details