Board resolution, issue of convertible notes to a non-resident investor
A single format from the Form CN, Form ESOP, Form DI and the Rest pack. Rule 2(e) NDI Rules 2019 · Rule 2(1)(c)(xvii) Deposit Rules.
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- 12 September 2026
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- 1Board resolution, issue of convertible notes to a non-resident investorRule 2(e) NDI Rules 2019 · Rule 2(1)(c)(xvii) Deposit Rules
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Extract from the minutes of the meeting of the Board of Directors
ISSUE OF CONVERTIBLE NOTES TO A PERSON RESIDENT OUTSIDE INDIA
The Chairman informed the Board that the Company, being a startup company recognised by the Department for Promotion of Industry and Internal Trade vide recognition certificate no. [Startup's DPIIT recognition certificate number] dated [Date of the DPIIT recognition certificate], proposes to raise a sum of Rs [Amount to be raised (Rs)] from [Name of the investor], a person resident outside India, by the issue of convertible notes within the meaning of Rule 2(e) of the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019.