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Conversion of unsecured loan in to equity

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Querist : Anonymous (Querist)
24 May 2013 Can Pvt. Ltd. convert its unsecured given by promoter in to Equity Share Capital? If yes what procedure followed for Roc Compliances?

03 July 2013 you can convert as share application money and follow the normal allotment procedure

02 June 2014 Yes, follow normal allotment process






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