Procedure for conversion of advance from customers to equity

You may allot shares under Private placement of equity shares under section 42 of the Companies Act, 2013.

Forms to be filed with ROC:

1.Form SH 7 for increase in authorised Capital if required.

2. 2 Form GLN2 (for filing private placement offer letter and records of allottees to the ROC along with Board and shareholders resolution)

3. Form MGT14 (filing of copy of special resolution for approval of private placement)

4. Form PAS 3 (for allotment of shares).