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.

S.Srinivasaraghavan (Expert)
12 July 2008

There is no classification as Quasi Capital.

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