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Conversion of unsecured loan into equity shares

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Querist : Anonymous

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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

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Ashish Thakur
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CS JAY GOHIL

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CS JAY GOHIL (Expert)
08 August 2014 Yes it is possible and lawful

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