Company law
This query is : Resolved
RAMAKRISHNAN.K
(Querist)
11 March 2012
CAN A PRIVATE LIMITED COMPANY CONVERT ITS UNSECURED LOAN IN TO REDEEMABLE PREFERENCE SHARES?
Ajay Mishra
(Expert)
11 March 2012
Hi
You can do so, but for this you may enter into new subscription agreement with the lender of unsecured loan. It will be an option in earlier loan agreement to convert the loan amount into redeemable preference shares.
Regards
You can do so, but for this you may enter into new subscription agreement with the lender of unsecured loan. It will be an option in earlier loan agreement to convert the loan amount into redeemable preference shares.
Regards
Message likes :
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Jiten Gupta
(Expert)
14 March 2012
Agree with expert!!
Company can do so in Board Meeting!!
Company can do so in Board Meeting!!
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