Board resolution, issue of convertible notes
A single format from the Convertible Notes and Convertible Promissory Notes pack. FEMA Rule 2(e) · s.62(3) · Rule 2(1)(c)(xvii) Deposit Rules.
- 2 pages
- 23
- Word and PDF
- 12 September 2026
What it covers
- 1Board resolution, issue of convertible notesFEMA Rule 2(e) · s.62(3) · Rule 2(1)(c)(xvii) Deposit Rules
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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 convertible notes]
ISSUE OF CONVERTIBLE NOTES
The Chairman informed the Board that the Company proposed to raise a sum of up to Rs [Total amount to be raised by convertible notes (Rs)] (Rupees [Total amount to be raised in words] only) by the issue of convertible notes to the investors named in the Annexure, each of whom would subscribe an amount of not less than Rs 25,00,000 (Rupees Twenty-Five Lakh only) in a single tranche.