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Conversion of loan into equity

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Student
66 Points Posted on 11 April 2017
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
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On 11 April 2017 at 12:56 Report
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17 Points Posted on 13 April 2017
sir
Right issue cannot be done back dated.
as the offer letter should be sent by curior or registered post.
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On 13 April 2017 at 16:50
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17 Points Posted on 13 April 2017
sir
Right issue cannot be done back dated.
as the offer letter should be sent by curior or registered post.
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On 13 April 2017 at 16:50
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473 Points Posted on 13 April 2017
As per section 62(3) u can do so.. or u may also do preferential allotment
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On 13 April 2017 at 19:27
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17 Points Posted on 13 April 2017
but in case of 62(3) you have to pass a SR before giving loan.
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On 13 April 2017 at 19:38
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473 Points Posted on 13 April 2017
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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On 13 April 2017 at 20:14

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