Conversion of unsecured loan to equity share

Sanjay K Pal (Employee) (133 Points)

26 January 2013  

Blaance Sheet for the year 2011-12 of A Pvt. Ltd. co. show Rs. 40000.00 as unsecured loan from its directors. Now it wants to convert it to equity share.

What is the procedure to convertion ?

Procedure to be followed in relation to  ROC ?

what will be the format of resolution  ?