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Issue of Debentures (S.71)

Issue debentures: Board + SR (if convertible), appoint trustee, create DRR, register charge

7 steps~133 days start to finishfiles CHG-9files PAS-3
If it’s filed late

MCA charges additional fees that rise with the delay, up to 12 times the normal filing fee. OnCompliance tracks the date and warns you before it costs anything.

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The steps, in order

1

Board Approves Debenture Issue

Board approves terms of debenture issue.

within 7 days · document made for you
2

Pass SR (if convertible)

SR required for issue of convertible debentures.

within 30 days
3

Appoint Debenture Trustee

Appoint a debenture trustee before issue.

within 14 days
4

Create Debenture Redemption Reserve

Create DRR of at least 10% for listed companies.

within 7 days
5

Issue Debentures

Allot debentures and collect subscription money.

within 30 days · document made for you
6

File CHG-9 (Charge for Debentures)

Register charge on assets for secured debentures.

within 30 days · files CHG-9
7

File PAS-3

File return of allotment within 15 days.

within 15 days · files PAS-3 · document made for you

Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.

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