Issue of convertible debentures

Namitabh Kothari (9930992660) (Querist) 16 August 2010 This query is : Resolved

Dear all,

I have a client who has just go a small funding from investors.

He will probably start with authorized capital of 1lakh or 2lakh or so.

He has to give 1.5% equity to a contractor on a vested basis of 2.5 years. But this 1.5% is to be off the post-debenture maturity value of the company. Not the starting 1 lakh.

The debentures mature after 1 year. When he has to issue shares to the convertible debenture holders.

So how do we go about legally making sure that the contractor gets 1.5% of the post-debenture-maturity value and not the current value?

What type of agreement / document would be required to be prepared to handle the above situation?

regards
Namitabh
namitabh.law@gmail.com
9930 992 660

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Raj Kumar Makkad (Expert) 31 January 2012
repeated query which has already been replied

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Issue of convertible debentures

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