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Conversion of Unsecured Loan into Share Application money (Corporate Law)

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This query is : Resolved


( Author )
16 January 2010

Dear All,

My query is whether Company can convert its unsecured loan into share application money.

If yes whats the procedure.

Kindly send the proforma of letter/documents/resolutions.

My mail ID: meetesh.mehta@gmail.com

Awaiting for your earliest reply.

Thanking you


Bimal Thacker

( Expert )
16 January 2010

also Send the same mail to me on following id
thackerbl@yahoo.in


Rasesh

( Expert )
21 January 2010

An application / request from the person giving unsecured loan to convert the same into shares.

a Board resolution by the company approving the conversion of unsecured loan into share application money.


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