Attempt the following.
1. Draft a letter of allotment to debenture holder.
Ans:
YASH INDUSTRIES LIMITED
Registered office: 102, New MIDC, Usha Tower, Shahu Chowk
Mumbai – 400 031,
CIN: L40407 MH 20050PLC710007
Phone: 022-23252323 Website: www.yashindustrieslimited.com
Fax : 022-23600445 E-mail : yash30@gmail.com
Ref. No. Y/MR-B/5/19-20 Date: 16th October, 2019
Ms. Yukta Shroff
715, Narayan Peth, Laxmi Road,
Pune – 411 038.
Sub . : Allotment of Debentures
Dear Madam,
In response to your application No. DI8013 dated 30th April, 2019, I am directed by the Board of Directors to inform you that, you have been allotted 100, 10% Non-convertible secured debentures of Rs 100/- each. The tenure of debentures is for 5 years.
These debentures are allotted to you as per Board Resolution passed at Board Meeting held on 16th May, 2019 and as per terms and conditions of Articles of Association of the company and Debenture Trust Deed.
The Details of Allotment of Debentures are as follows :
1 | 2 | 3 | 4 | 5 | |
Folio No. | No. of Debentures Applied | No. of Debentures Allotted | Distinctive Numbers | Amount Received (Rs) | |
From | To | ||||
D – 90 | 100 | 100 | 301 | 400 | Rs 10,000 |
The Debenture Certificate is enclosed herewith.
Thanking you,
Yours faithfully, For Yash Industries Limited
Sign
(Mr. S. R. Naik)
Company Secretary
Encl :- Debenture Certificate
2. Write a letter to the debenture holder regarding payment of interest through Interest Warrant.
Ans:
YASH INDUSTRIES LIMITED
Registered office: 102, New MIDC, Usha Tower, Shahu Chowk
Mumbai – 400 031,
CIN: L40407 MH 20050PLC710007
Phone: 022-23252323 Website: www.yashindustrieslimited.com
Fax : 022-23600445 E-mail : yash30@gmail.com
Ref. No. Y/MR-B/5/19-20 Date: 16th October, 2019
Ms. Yukta Shroff
715, Narayan Peth, Laxmi Road,
Pune – 411 038.
Sub . : Payment of interest on debentures.
Dear Madam,
I am directed to inform you that, the Board of Directors has passed a resolution in the Board meeting held on 05th June, 2019 regarding payment of interest on your 100, 10% Non- convertible debentures of Rs 100/- each.
The details of payment of interest payable to you are as follows :
1 | 2 | 3 | 4 | 5 | 6 | 7 | |
Folio No. | No. of Debentures | Distinctive Numbers | Gross Amt. of Interest | T. D. S. (10% On Interest) | Net Amt. of Interest (Rs) | Interest Warrant No. | |
From | To | ||||||
C – 240 | 100 | 601 | 700 | Rs 1,000 | NIL | Rs 1,000 | IW 9646 |
The Interest warrant is enclosed herewith. Please detach the Interest Warrant along the perforated line.
Thanking you,
Yours faithfully, For Yash Industries Limited
Sign
(Mr. S. R. Naik)
Company Secretary
3. Draft a letter to debenture holder informing him about redemption of debentures.
Ans:
YASH INDUSTRIES LIMITED
Registered office: 102, New MIDC, Usha Tower, Shahu Chowk
Mumbai – 400 031,
CIN: L40407 MH 20050PLC710007
Phone: 022-23252323 Website: www.yashindustrieslimited.com
Fax : 022-23600445 E-mail : yash30@gmail.com
Ref. No. Y/MR-B/5/19-20 Date: 16th October, 2019
Ms. Yukta Shroff
715, Narayan Peth, Laxmi Road,
Pune – 411 038.
Sub . : Redemption of Debentures.
Dear Madam,
This is to inform you that 100000, 10% Non-convertible Debentures issued in May, 2014 are due for redemption on 12th November, 2019. According to the Board Resolution No. 3462, passed at the Board Meeting held on 8th October, 2019, Debentures shall be redeemed out of ‘Debenture Redemption Reserve Fund’ of the company.
Please arrange to submit enclosed ‘Debenture Redemption Form’ along with the original Debenture Certificate to the company, on or before 3rd November, 2019.
On completion of the above formalities, the redemption amount will be credited to your
bank account.
You are requested to provide us your Bank Account details.
Thanking you,
Yours faithfully, For Yash Industries Limited
Sign
(Mr. S. R. Naik)
Company Secretary
Encl :- Debenture Redemption Form
4. Write a letter to debenture holder informing him about conversion of debentures into equity shares.
Ans:
YASH INDUSTRIES LIMITED
Registered office: 102, New MIDC, Usha Tower, Shahu Chowk
Mumbai – 400 031,
CIN: L40407 MH 20050PLC710007
Phone: 022-23252323 Website: www.yashindustrieslimited.com
Fax : 022-23600445 E-mail : yash30@gmail.com
Ref. No. Y/MR-B/5/19-20 Date: 16th October, 2019
Ms. Yukta Shroff
715, Narayan Peth, Laxmi Road,
Pune – 411 038.
Sub . : Conversion of Debentures into Equity Shares.
Dear Madam,
I am directed to inform you that in accordance with the terms decided at the time of issue of 1,00,000, 10% fully convertible debentures, the debentures are due for conversion.
In accordance with the above, a Special Resolution was passed by the shareholders in the Extra – Ordinary General Meeting held on 25th May, 2019 for approval of conversion of debentures into equity shares in the ratio of 2 : 1. As per your Letter of Option you have been allotted 50 Equity shares in lieu of 100 Debentures.
Details of your holding after conversion are as follows :
1 | 2 | 3 | 4 | 5 | |
Folio No. | No. of Debentures held | No. of Equity Shares Issued | Distinctive Numbers | Share Certificate No. | |
From | To | ||||
465 | 100 | 50 | 501 | 550 | 2219 |
Duly signed and executed share certificate is enclosed herewith. Debenture Certificate will be null and void w.e.f. 25th May, 2019.
Thanking you,
Yours faithfully, For Yash Industries Limited
Sign
(Mr. S. R. Naik)
Company Secretary
Encl :- Share Certificate
5. Write a letter to the debenture holder regarding payment of interest electronically.
Ans:
YASH INDUSTRIES LIMITED
Registered office: 102, New MIDC, Usha Tower, Shahu Chowk
Mumbai – 400 031,
CIN: L40407 MH 20050PLC710007
Phone: 022-23252323 Website: www.yashindustrieslimited.com
Fax : 022-23600445 E-mail : yash30@gmail.com
Ref. No. Y/MR-B/5/19-20 Date: 16th October, 2019
Ms. Yukta Shroff
715, Narayan Peth, Laxmi Road,
Pune – 411 038.
Sub . : Payment of Interest on Debentures Electronically through ECS or NEFT.
Dear Madam,
I am instructed by the Board of Directors to convey to you that, the Board has passed a resolution in the Board meeting held on 10th March, 2019 finalizing to pay interest @ 10% on Redeemable Debentures of ` 100/- each for the year ending 31st March, 2019.
Your company has complied with all the provisions relating to payment of interest on debentures.
Details of Interest payable to you are as follows :
1 | 2 | 3 | 4 | 5 | 6 | |
Register No.` | No. of Debentures | Distinctive Numbers | Gross Amt. of Interest (Rs) | T. D. S. (10%) | Net Amt. of Interest ( Rs) | |
From | To | |||||
C – 440 | 100 | 601 | 700 | Rs 1,000 | NIL | Rs 1,000 |
Interest will be paid by electronic transfer i.e. by crediting the said interest to your bank
account, as per details provided by you to the company.
Thanking you,
Yours faithfully, For Yash Industries Limited
Sign
(Mr. S. R. Naik)
Company Secretary