issue of fully convertible debenture
This query is : Resolved
09 January 2010
please suggest me procedure for issue of fully convertible debenture as per companies act, 1956?
04 July 2011
Procedure:
Pass Board resolutions for:
- For issue of debentures u/s 292(1)(b)
- For creation of equitable mortgage
- Creation of trust
- Appointment of debenture trustees u/s 117B
- Approval of draft trust deed
- Approval of form of debenture certificate and authority to issue the same
Entry in Register of Debentureholders
Pass Board resolutions for:
- For issue of debentures u/s 292(1)(b)
- For creation of equitable mortgage
- Creation of trust
- Appointment of debenture trustees u/s 117B
- Approval of draft trust deed
- Approval of form of debenture certificate and authority to issue the same
Entry in Register of Debentureholders
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