Loan to equity

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student
55 Points Posted on 10 December 2022
when there is no MGT-14 filed at the time of taking loan (2015)...but it is mentioned in loan agreement about the option to convert loan into equity.

can we directly now file PAs-3



or another process.
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On 10 December 2022 at 10:38 Report
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Quick Summary
This discussion addresses a scenario where a loan taken in 2015 included an option for conversion into equity, but the necessary MGT-14 filing was missed. The user is seeking guidance on how to proceed with the conversion now, questioning whether a direct filing of PAS-3 or an alternative process is required. The core issue is rectifying the non-compliance and facilitating the loan-to-equity conversion.

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Profession
28271 Points Posted on 11 December 2022
There are specific processes. Pls post real time scenario.
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On 11 December 2022 at 07:52
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student
55 Points Posted on 11 December 2022
In 2015 loan was taken when loan agreement was made having provision that loan can be converted into Equity..but at that time MGT-14 was not filed..
now party wants to convert loan into equity, what can we do now?
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On 11 December 2022 at 08:00
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Profession
28271 Points Posted on 11 December 2022
Why mgt 14 was not filed?
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On 11 December 2022 at 14:32

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