Transfer of unsecured loan to share capital
This query is : Resolved
14 June 2012
IN PVT LTD CO. IS IT POSSIBLE TO TRANSFER UNSECURED LOAN OF SHAREHOLDER'S BALANCE TO HIS SHARE CAPITAL ACCOUNT BY INCREASING AUTHIRISED SHARE CAPITAL??
14 June 2012
Hi
Yes, you can do so by executing a share subscription agreement with such lender and company.
For becoming member of the company it must be an written consent of member as per section 41 of the Companies Act, 1956.
Regards
Yes, you can do so by executing a share subscription agreement with such lender and company.
For becoming member of the company it must be an written consent of member as per section 41 of the Companies Act, 1956.
Regards
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