X Co. has taken Loan from NBFC, issued Debentures and executed Debenture Trust Deed.( DTD).
Y Co has given its security to secure Loan and thereby secure Debentures and party to DTD Reading of Rule 3 of Companies (Registration of Charges) Rules, 2014 For registration of charge as provided in sub-section (1) of section 77, section 78 and section 79, the particulars of the charge together with a copy of the instrument, if any, creating or modifying the charge in Form No.CHG-1 (for other than Debentures) or Form No.CHG-9 (for debentures including rectification),
Query :
Whether Y Co shall be required to file CHG-1 or CHG-9 ?
1. Now in this case though Y. Co is not issuing Debentures, but it shall create a charge to secure Debentures issued by X Co.
2. Section 77 and Rule 3 , does not speak about Issuer of Deb., it specifies Charge creating Instrument
3. Eform filing is Instrument specific and not issuer specific Hence as per section and Rules Y. Co shall file CHG-9, instead of CHG-1
Kindly share your views '
Please shareChecklist for issuance of non-convrtible debentures
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debentures
convertible
Please let me know the charges and expenses for issuing Debenture/Bonds including the taxes that may be deducted while passing over the benefits to the Bond Holder.
Also let me know is there any amount cap for Number of Bonds.
Note : It's a Private Limited Company
company
limited
private
bondsdebentures
Dear Members, Anyone have issued unsecured non-convertible debentures for a pvt co? What is the procedure?
debentures
convertible
unsecured
issue
private
Dear Members,
If a public unlisted company wish to issue debentures on private placement basis,
then as per proviso to rule 14(1) of companies (prospectus & allotment of securities rules)2014 as reproduced below
Provided further that this sub-rule shall not apply in case of offer or invitation for. non-convertible debentures, where the proposed amount to be raised through such offer or invitation does not exceed the limit as specified in clause (c) of sub section (1) of section 180 and in such cases relevant Board resolution under clause (c) of subsection (3) of section 179 would be adequate:
According to it the company can issue debentures if issues of ncd is within borrowing limit only by board approval and no need for gm resolution.
please clarify whether my understanding is correct.
kindly reply.
placement
private
debentures
issue
Second charge on property towards issue of debentures is deposit? Is there any way out to be excluded from deposits. It’s NCD unlisted.
debentures
issue
If any unlisted private company wants to issue debentures to raise money, then how much can be issued without the permission of the SEBI?
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Can anyone send me the complete procedure and drafts for converting CCD into equity shares on maturity
equity
shares
into
debentures
compulsory
convertible
conversation
In case of fema it is CCD. Other debt instruments will be treated as ECB and compliances of ECB to be followed.
In case of Indian allottes especially companies being allotted then OCD can also be issued.
debentures
issue
Can a private limited company issue debentures at 1% or lower interest rates?
debentures
Dear Members,
Can a Private limited Company issue OCDs under Companies Act, 2013.
If yes, Can somebody tell me what are the compliances that needs to be done post issue of Optionally Convertible Debentures (OCDs)?
Thanks in advance.
debentures
convertible
optionally
