conversion of OCD to equity shares - urgent

[Anu Pasrija]

Dear All 

Greetings !!!!

Can anybody please help me out with a board resolution for conversion of Optionally Convertible Debentures into Equity shares 

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Charms

Company Secretary in Practice

Anu Pasrija

+91-8269453819

Gwalior

[C Karunakaran Raja]

Hii Anu,

"RESOLVED that in accordance with the terms of issue, ……., X% Optionally convertible debentures of Rs. xxxx each be and are hereby converted into xxxxx equity shares of Rs. xxx/- each credited as fully paid-up.

RESOLVED further that the new equity Shares be issued and allotted to the debenture-holders in accordance with the allotment list tabled before the meeting and initialed by the Chairman so that each debenture-holder receives the number of equity share specified against his name in the list and the Secretary be instructed to inform the debenture-holders accordingly."

 

Regards

Raja C K

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With Regards

C Karunakaran Raja

All the riches in the world can't match the wealth of education.

[Anu Pasrija]

thanks