Conversion of unsecured loan into equity shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 August 2014
Dear sir,
Whether a private company can convert its unsecured loan taken from its members before the commencement of the c.l 2013 into equity shares as per the provision of Companies Act,2013
Regards
Ashish Thakur
Whether a private company can convert its unsecured loan taken from its members before the commencement of the c.l 2013 into equity shares as per the provision of Companies Act,2013
Regards
Ashish Thakur
CS JAY GOHIL
(Expert)
08 August 2014
Yes it is possible and lawful
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