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Conversion into equity shares.

This query is : Resolved 
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(Querist)
25 March 2016 HI
CAN A COMPANY CONVERT THE AMOUNT OF LOAN GIVEN TO ITS DIRECTORS INTO EQUITY. IF YES, WHAT IS THE PROCEDURE?
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Mandar

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Mandar (Expert)
31 March 2016 Refer Sec 62(3) : - 1) Approval by Sp. Resolution + File MGT 14 .2) Convert loan to Share by passing resolution in BM and file PAS 3 ; Issuance of share certificates will follow
Profile Image

Mandar

Profile Image

Mandar (Expert)
31 March 2016 Refer Sec 62(3) : - 1) Approval by Sp. Resolution + File MGT 14 .2) Convert loan to Share by passing resolution in BM and file PAS 3 , Issuance of share certificates will follow
Profile Image

Mandar

Profile Image

Mandar (Expert)
31 March 2016 Refer Sec 62(3) : - 1) Approval by Sp. Resolution + File MGT 14 .2) Convert loan to Share by passing resolution in BM and file PAS 3 , Issuance of share certificates will follow
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