Their is a company which has been in loss for financial year 2014-15 and has taken a loan from a bank. however, bank in order to recover its debt it is converting its loan into equity...please let me know the pricing policy. company is a listed comapny but from last 30 days trading has been restricted by stock exchange. And also can such company issue prferential allotment.
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Conversion of loan into equity
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You have to refer legal provisions under which loan is being converted into equity by the Bank. It may be over-riding provisions of Companies Act 2013.
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