1) What is the process for conversion of unsecured loans into Share Capital. As I understand, I'll have to file a Form 2. Now the question arises, whether the consideration is in Cash or the consideration is in other than Cash???
2) Also, there are 11 allottees but I just wanted to confirm that if they're being alloted shares on the same day, it is counted as 1 allotment? In other words, I won't have to file multiple Form2s..??
3) Also, does Table A and Table B which have to be attached to the Form have to be signed by the director?
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