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Promoters borrowings

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 June 2013 Can the loan provided by the Promoters be converted into Equity Shares or into Convertible Debentures. Which all sections applies to the same
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Ajay Mishra

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Ajay Mishra (Expert)
16 June 2013 Hi

Read section 291 and 292 of the Companies Act, 1956.

It also depend on the nature of the company, whether it is public company or private limited company.
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2013 Thank You..
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