Board resolution, conversion of convertible notes and allotment
A single format from the Convertible Notes and Convertible Promissory Notes pack. s.62(3) · Rule 21 · PAS-3 · FC-GPR.
- 2 pages
- 41
- Word and PDF
- 12 September 2026
What it covers
- 1Board resolution, conversion of convertible notes and allotments.62(3) · Rule 21 · PAS-3 · FC-GPR
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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 note conversion]
CONVERSION OF CONVERTIBLE NOTES AND ALLOTMENT OF SHARES
The Chairman informed the Board that the convertible note bearing certificate number [CN-____] issued on [Date principal amount was received (issue date)] to [name of holder] for a Principal Amount of Rs [Investor's principal amount (Rs)] had become liable to conversion, the trigger under clause 4.1[(a)] of the Convertible Note Agreement having occurred on [Date the conversion trigger occurred], namely the closing of a Qualified Financing at a price of Rs [Price per equity share in the Qualified Financing (Rs)] per equity share [or: a Liquidity Event, being [describe] / the Maturity Date, the holder not having elected repayment].