RESOLUTION U/S 81(3)

Mayuri Lal (officer CS) (748 Points)

13 May 2011  

Dear members,

 

Can anyone provide me the draft resolution under section 81(3) for giving rights to the lenders for converting the Loan to equity as per the terms and conditionss..

 

Will the reference of 81(1A) will come under teh above resolution.

I feel no , bkoz 81(1)(a) is valid for only 12 months.

 

Would be of great help if anybody can provid eme with the format u/s 81(3)