Board resolution, approval of issue of CCPS on private placement
A single format from the Compulsorily Convertible Preference Shares pack. s.55 · Rule 9 · s.42 · s.62(1)(c).
- 2 pages
- 28
- Word and PDF
- 12 September 2026
What it covers
- 1Board resolution, approval of issue of CCPS on private placements.55 · Rule 9 · s.42 · s.62(1)(c)
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 approving the CCPS issue] at [Time of board meeting approving the CCPS issue] at [registered office]
ISSUE OF COMPULSORILY CONVERTIBLE PREFERENCE SHARES ON A PRIVATE PLACEMENT BASIS
The Chairman informed the Board that the Company proposed to raise a sum of Rs [Total amount to be raised by the CCPS issue (Rs)] (Rupees [Total amount to be raised in words] only) by the issue of [Number of CCPS to be issued] Compulsorily Convertible Preference Shares of the face value of Rs [Face value of each CCPS (Rs)] each at an issue price of Rs [Issue price of each CCPS (Rs)] each (including a premium of Rs [Premium on each CCPS (Rs)] each) on a private placement basis to the identified persons named in the Annexure placed before the meeting.