As we all aware loan could be converted into equity shares but is it possible to convert the deposit into equity???
Menu
Conversion of deposit into equity
Replies (2)
no deposit cannot be converted into equity there are no relevant provisions for the same
But definition of deposit says it includes a 'loan' and there is provision for the conversion of loan into equity shares.
Recent Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
Related Topics
CAclubindia
