Quasi capital
This query is : Resolved
12 July 2008
We are a listed company. Can we show the unsecured loan from Director as "Quasi Capital".
If yes, what is time limit upto which I can convert the Quasi capital into shares?
Is it necessary then to allot shares against the capital?
Secondly what are the implications if I do not make the required allotment in future.
If yes, what is time limit upto which I can convert the Quasi capital into shares?
Is it necessary then to allot shares against the capital?
Secondly what are the implications if I do not make the required allotment in future.
12 July 2008
There is no classification as Quasi Capital.
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