Board resolution, allotment of CCPS
A single format from the Compulsorily Convertible Preference Shares pack. s.42 · Rule 14 · s.55.
- 1 page
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- Word and PDF
- 12 September 2026
What it covers
- 1Board resolution, allotment of CCPSs.42 · Rule 14 · s.55
Read the opening
The first part of the format, as it downloads. Blanks are highlighted.
Extract from the minutes of the meeting of the Board of Directors of [Company Name] Private Limited held on [Date of board meeting allotting the CCPS]
ALLOTMENT OF COMPULSORILY CONVERTIBLE PREFERENCE SHARES
The Chairman informed the Board that pursuant to the special resolution passed by the Members at the Extraordinary General Meeting held on [Date of Extraordinary General Meeting], the private placement offer cum application letter in Form PAS-4 had been circulated to the identified persons on [Date Form PAS-4 offer letters were circulated], and that the Company had received valid applications together with the full application monies as set out in the Annexure, aggregating Rs [Total application money received (Rs)], all of which had been received through banking channels into the separate bank account bearing account number [Subscription account number] maintained with [bank]. The Chairman confirmed that no part of the said monies had been utilised.