CONVERT ITS unsecured loans INTO DEBENTURES
This query is : Resolved
Vishal Swaika
(Querist)
07 April 2020
Dear all A pvt ltd company is having a lot of unsecured loans & Now it wants to convert it to convertible debentures What is the procedure to convert unsecured loan into convertible debentures. Unsecured loan is from the Directors of the Company & the converted debentures are to be issued to directors of the company.Also provide me a draft resolution.
WITH BEST REGARDS
VISHALSWAIKA
WITH BEST REGARDS
VISHALSWAIKA
CA Suresh Jain
(Expert)
11 April 2020
It would be better for you to consult a professional in this regard.
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