CAN UNSECURED LOAN TAKEN FROM FINANCIAL INSTITUTION BY PVT. LTD. CO. & THEREAFTER CONVERT IN TO SHARE CAPITAL?
CAN UNSECURED LOAN TAKEN FROM FINANCIAL INSTITUTION BY PVT. LTD. CO. & THEREAFTER CONVERT IN TO SHARE CAPITAL?
Hello,
I dont think so, there is any issues for doing the same, if company gets an consent fom the financial instituion the loan amount can be changed from loan to capital.
Thanks!
Nidhi
SSGS and Associates
Chennai
CA Inter
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Shaswat initial support private limited
Ahmedabad
CS
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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CAclubindia
