Board ResolutionBoardSection 71Rule 18, Companies (Share Capital and Debentures) Rules, 2014

Issue of Debentures

All companies. Issue of debentures does not generally require shareholder approval unless the debentures are convertible into shares (which requires a Special Resolution). Creation of a Debenture Redemption Reserve (DRR) may be required.

Raising or restructuring capital changes the shape of your company. Section 71(1)-(4) is the line every share movement has to respect. Concretely: convertible debentures (option to convert to shares, wholly/partly) require special resolution at general meeting. No templates, no guesswork — Fi CTC Generator drafts this correctly in about 3 minutes.

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