Compulsorily Convertible Preference Shares
The default instrument for a priced venture round in an Indian private company, it carries the liquidation preference and the anti-dilution economics an investor wants, and still counts as equity under FEMA.
- 9 pages
- 74
- Word and PDF
- 12 September 2026
The 4 formats inside
- 1Board resolution, approval of issue of CCPS on private placements.55 · Rule 9 · s.42 · s.62(1)(c)On its own₹149
- 2Special resolution, issue of CCPS, with Terms Schedules.55 · Rule 9 · s.42 · s.62(1)(c)On its own₹149
- 3Board resolution, allotment of CCPSs.42 · Rule 14 · s.55On its own₹149
- 4Board resolution, conversion of CCPS into equity sharess.55 · s.42 · PAS-3On its own₹149
Read the opening
The first part of “Board resolution, approval of issue of CCPS on private placement”, 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.