CHECKLIST FOR PRIVATE PLACEMENT FOR ISSUE OF DEBENTURES UNDER SECTION 42 AND 71 OF THE COMPANIES ACT 2013

CHECKLIST FOR PRIVATE PLACEMENT FOR ISSUE OF DEBENTURES UNDER SECTION 42 AND 71 OF THE COMPANIES ACT 2013

S. No	Particulars
1.	Date of Notice  : (Board Meeting Date) for a) Convening the EGM towards Private placement of debentures, Insertion of Private Placement in AOA,if required. b) Authorize Board of Directors to create Charge as per Sec.180 (a) and 180 (c)  of the Companies Act, 2013
2.	Convening of  EGM – for Considering the following a. Alteration of AOA        i.Inclusion of Private Placement/ Preferential Allotment if required b. Issue of Debentures as per sec 62(1)c c. To pass resolution under 180(a) and 180 ( c ) of the Companies Act,2013   d.To file Form MGT 14
3.	Convene Board Meeting  for Private Placement  to Consider Convene Board Meeting  for Private Placement  to Consider a) Board Resolution for approval of proposal for issue and offer of debentures on a private placement basis b) Board Resolution for approval of list of persons to whom debentures will be given through private placement  c) Approve Draft letter of offer for Private placement of debentures ( Pas 4 ) within 30 days from the date of Board resolution approving the letter of offer. d) To prepare record of persons to whom the debentures are to be issued. ( Pas 5 ) d)Board Resolution to open bank current account e) To consider appointment of Debenture Trustee f) To file PAS 6 with Private Placement offer letter (Pas 4) and record of application received (Pas 5 )
4.	Receipt of Money in Company’s Separate Bank Account opened for this purpose 1. Received money from the investor through Cheque/ RTGS/ NEFT  to  the Company’s Separate Bank Account
5.	a) Convene Board Meeting for Allotment of Debentures by passing  Board Resolution - List of allottees. b) To file PAS 3 c) Execute Debenture Trust Deed – within 60 days from the date of allotment
6.	Issue of Debenture Certificates in Physical Form / To issue Debentures in Demat mode – coordinate with NSDL and R & T Agents.
7.	a) Creation of Charge in favour of Debenture Trustee b) To file Form CHG - 9