CAN UNSECURED LOAN TAKEN FROM FINANCIAL INSTITUTION BY PVT. LTD. CO. & THEREAFTER CONVERT IN TO SHARE CAPITAL?
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Unsecured loan
Replies (1)
Hello,
I dont think so, there is any issues for doing the same, if company gets an consent fom the financial instituion the loan amount can be changed from loan to capital.
Thanks!
Nidhi
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