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Query related to conversion of loan to equity

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student
55 Points Joined September 2016
Is it essential to obtain valuation report for conversion of Loan into Equity?
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On 07 December 2022 at 11:49 Report
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9 Points Joined December 2019
Yes its essential
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On 07 December 2022 at 15:08
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Company Secretary
7085 Points Joined March 2014
Yes, Valuation from a Registered Valuer is required for evaluating the price of Shares of the Company.
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On 11 December 2022 at 00:53
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2 Points Joined April 2020

Is there any Tax Implication on conversion of unsecured loan into equity? and if yea what are those and how can we determine that?

 

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On 22 March 2023 at 16:13

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