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Conversion of loan into equity
a private limited company has received amount from directors in three months period. Now they want to convert the same into equity. which is the best option? Rights issue or conversion of loan into equity.
thanks in advance
Replies (5)
sir
Right issue cannot be done back dated.
as the offer letter should be sent by curior or registered post.
Right issue cannot be done back dated.
as the offer letter should be sent by curior or registered post.
sir
Right issue cannot be done back dated.
as the offer letter should be sent by curior or registered post.
Right issue cannot be done back dated.
as the offer letter should be sent by curior or registered post.
As per section 62(3) u can do so.. or u may also do preferential allotment
but in case of 62(3) you have to pass a SR before giving loan.
yes.. if u hv nt passed sr then u hv to comply with section 62 other than 62(3) and do the preferential allotment..
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