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Most inpt - conversion of director loan into share capital

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(Querist)
10 June 2015 Dear experts, 1 of my pvt company want to convert director loan into share capital. They dont have money.They r not able to repay the money & therefore the director & co wants to convert into sharecapital. my question is whether it is possible under companies act 2013.
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CA Kapil Verma

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CA Kapil Verma (Expert)
10 June 2015 Yes , you can do so.

CA. Kapil Verma
Founder- www.taxadvizer.com
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Manoj Kumar Joshi

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Manoj Kumar Joshi (Expert)
11 June 2015 How is it to be done?
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CA Kapil Verma

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CA Kapil Verma (Expert)
11 June 2015 form to be file

PAS -3
PAS -4
PAS -5
and SH 7

CA Kapil Verma
Founder- www.taxadvizer.com
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