Conversion into equity shares.


This query is : Resolved 

(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?


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

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

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


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details