issue of fully convertible debenture

This query is : Resolved

Report Abuse Follow Query Ask a Query

pradeep lama

pradeep lama (Querist)
Follow

09 January 2010 please suggest me procedure for issue of fully convertible debenture as per companies act, 1956?

Saroja

Saroja (Expert)
Follow

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