Board resolution, conversion and allotment (generic model)
A single format from the Conversion Mechanics pack. adaptable to CCPS, CCD and a convertible note.
- 3 pages
- 37
- Word and PDF
- 12 September 2026
What it covers
- 1Board resolution, conversion and allotment (generic model)adaptable to CCPS, CCD and a convertible note
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 conversion] · Delete the bracketed alternatives that do not apply
CONVERSION OF [COMPULSORILY CONVERTIBLE PREFERENCE SHARES / COMPULSORILY CONVERTIBLE DEBENTURES / CONVERTIBLE NOTES] AND ALLOTMENT OF EQUITY SHARES
The Chairman informed the Board that [number / a principal amount of Rs ____ of] [Compulsorily Convertible Preference Shares of Rs __ each / Compulsorily Convertible Debentures of Rs __ each / convertible notes] issued to [name of holder] on [Date the instrument was issued to the holder] had become liable to conversion into equity shares of the Company, the conversion trigger specified in clause [Clause containing the conversion trigger] of the [Terms Schedule / Convertible Note Agreement] having occurred on [Date the conversion trigger occurred], namely [describe the trigger and the evidence of it].