Conversion into equity shares.

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AMANPREET (Querist)
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25 March 2016 HI
CAN A COMPANY CONVERT THE AMOUNT OF LOAN GIVEN TO ITS DIRECTORS INTO EQUITY. IF YES, WHAT IS THE PROCEDURE?

Mandar

Mandar (Expert)
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31 March 2016 Refer Sec 62(3) : - 1) Approval by Sp. Resolution + File MGT 14 .2) Convert loan to Share by passing resolution in BM and file PAS 3 ; Issuance of share certificates will follow

Mandar

Mandar (Expert)
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31 March 2016 Refer Sec 62(3) : - 1) Approval by Sp. Resolution + File MGT 14 .2) Convert loan to Share by passing resolution in BM and file PAS 3 , Issuance of share certificates will follow

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Mandar

Mandar (Expert)
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31 March 2016 Refer Sec 62(3) : - 1) Approval by Sp. Resolution + File MGT 14 .2) Convert loan to Share by passing resolution in BM and file PAS 3 , Issuance of share certificates will follow