Issue of convertible debenture by pvt.company under ca 2013
This query is : Resolved
31 March 2016
Dear Friends,
Can any one guide me procedure and on draft documents to be required for issue of Convertible Debenture by PVT. Company under Companies Act, 2013.
Can any one guide me procedure and on draft documents to be required for issue of Convertible Debenture by PVT. Company under Companies Act, 2013.
01 April 2016
refer this Link https://taxguru.in/company-law/checklist-issue-debentures-companies-act-2013.html
01 April 2016
Provisions: - Section 71, 72 of Companies Act 2013 & Rule 18, 19 of Companies (Share Capital and Debenture) Rules 2014
Procedure
• Passed Board Resolution authorizing the Company to issue the Debentures.
• Appointment of Debenture Trustees & executing trust deed in Form SH 12 executed in favour of Debenture Trustee (DT) within 60 days of Allotment (For Secured Debt.)
• Debenture raised through :-
Private Placement
Approval of PAS 4 & PAS 5; Valuation report from CA
Secured Debenture
Appointment of DT & entering an agreement with DT; Creation of Charge
• Hold General Meeting
• File PAS 4 ; PAS 5 through GNL 1 ; MGT 14
• Form CHG 9 for creation of charge ; PAS 3 after making allotment
Procedure
• Passed Board Resolution authorizing the Company to issue the Debentures.
• Appointment of Debenture Trustees & executing trust deed in Form SH 12 executed in favour of Debenture Trustee (DT) within 60 days of Allotment (For Secured Debt.)
• Debenture raised through :-
Private Placement
Approval of PAS 4 & PAS 5; Valuation report from CA
Secured Debenture
Appointment of DT & entering an agreement with DT; Creation of Charge
• Hold General Meeting
• File PAS 4 ; PAS 5 through GNL 1 ; MGT 14
• Form CHG 9 for creation of charge ; PAS 3 after making allotment
Message likes :
1 times
01 April 2016
Thank u, mandar and purnima for replying.
Mandar appointment of debenture trustee and deed is compulsory for convertible debenture/
Mandar appointment of debenture trustee and deed is compulsory for convertible debenture/
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- Sales return eway bill
- Free lancer income
- STCG FOR GOLD ETFs
- Loan by Partnership Firm
- Specified Profession
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
