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Convert its share application money to unsecured loans. rea

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(Querist)
01 July 2014 Can a private limited company convert its share application money to unsecured loans. If so what is the procedure.
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Sandeep Dharar

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Sandeep Dharar (Expert)
01 July 2014 U can't convert Share application money to unsecured loan.
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SAURAV KAJARIA

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SAURAV KAJARIA (Querist)
04 July 2014 Sir can u confirm me as i heard that it can be done if share Applicants give a letter to do so.
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Sandeep Dharar

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Sandeep Dharar (Expert)
05 July 2014 No u can't convert it.
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