Conversion of unsecured loan into equity share capital

Can anybody send me the format for consent to be obtained from Member for converting their Unsecured loan into preference share.

Thanx

Can you tell me what is the procedure for conversion of unsecured loan into equity and also please give me draft Board Meeting resolution and resolution special EGM resolution for converion of loan into equity

Dear

I agree with above but also take in to consideration of Section 269T of income tax india . for repayment of loan otherwise than Accountpayee cheque (here converted to Shares capital) attrect 100% penalty.

We want to convert our loan into equity as per section 62 but do we need to comply with the 50 members limit ? becasue we have 70 creditors ( actually Supliers ) and they are willing to take shares

mam please explain the procedure a bit more

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WHAT IS THE SOLUTION OF THE ABOVE MENTIONED PROBLEM ABOUT PASSING THE SR UNDER SECTION 62(3) i.e. THE RESOLUTION HAS NOT BEEN PASSED NOW THE COMPANY WANTS TO ADOPT PREFERTIAL ALLOTMENT.

Can this process apply now also after commencement of Companies Act, 2013??

if Yes then under which section?? the loan pertains to 1 year back..