Loan agreement, conversion option clause
A single format from the Conversion of a Loan into Equity pack. s.62(3).
- 2 pages
- 20
- Word and PDF
- 12 September 2026
What it covers
- 1Loan agreement, conversion option clauses.62(3)
Read the opening
The first part of the format, as it downloads. Blanks are highlighted.
Clause to be inserted in the loan agreement or the loan sanction letter. The special resolution approving these terms must be passed BEFORE the loan is disbursed.
[Clause number of the conversion clause]. CONVERSION INTO EQUITY SHARES
[Clause number of the conversion clause].1 Approval of terms. The Borrower confirms that the terms of this Agreement, including the option to convert set out in this Clause [Clause number of the conversion clause], have been approved by the Members of the Borrower by a special resolution passed at a general meeting held on [Date of the general meeting approving the loan terms], being a date prior to the date of this Agreement and prior to the disbursement of any part of the Loan, in accordance with the proviso to Section 62(3) of the Companies Act, 2013, and that Form MGT-14 in respect of the said resolution has been filed with the Registrar of Companies.