Conversion of unsecured loan into equity by a pvt. company

Pvt ltd 1499 views 1 replies

i need to know the procedure of Conversion of unsecured loan into equity by a pvt. Company. as scetion 81 is not applicable to a private company as per the provision of section 81 (3) (a).

Replies (1)

 

There is no bar for conversion of loan into share capital. You are required to enter into agreement with lender for conversion of loan into capital.

 

 

Call a Board meeting and pass a resolution and file Form-2 and form 3 within 30 days.

 

 

Regards

 

 

 

 

 


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