Debentures, CCD, OCD and NCD
Convertible debt into an Indian private company, where the first question is not a Companies Act question at all, but whether the instrument is equity or debt under FEMA.
- 9 pages
- 94
- Word and PDF
- 12 September 2026
The 4 formats inside
- 1Board resolution, issue of compulsorily convertible debenturess.71 · Rule 18 · s.42On its own₹149
- 2Special resolution, issue of CCDs, with Terms Schedules.71(1) · s.42 · s.62(1)(c)On its own₹149
- 3Debenture certificates.56(4)(d) · Rule 18On its own₹149
- 4Board resolution, conversion of CCDs and allotment of equity sharess.71 · s.42 · PAS-3On its own₹149
Read the opening
The first part of “Board resolution, issue of compulsorily convertible debentures”, 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 CCD issue]
ISSUE OF COMPULSORILY CONVERTIBLE DEBENTURES 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 CCD issue (Rs)] (Rupees [Total amount to be raised in words] only) by the issue of [Number of CCDs to be issued] [unsecured / secured] Compulsorily Convertible Debentures of the face value of Rs [Face value of each CCD (Rs)] each ("CCDs") on a private placement basis to the identified persons named in the Annexure. The Chairman explained that the CCDs would be compulsorily and mandatorily convertible into equity shares of the Company, that no holder would at any time have any right or option to require repayment of the principal in lieu of conversion, and that the conversion formula would be fixed at the time of issue.