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Conversion of unsecured loan in to equity

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 May 2013 Can Pvt. Ltd. convert its unsecured given by promoter in to Equity Share Capital? If yes what procedure followed for Roc Compliances?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
03 July 2013 you can convert as share application money and follow the normal allotment procedure
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Bharath Kumar

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Bharath Kumar (Expert)
02 June 2014 Yes, follow normal allotment process
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