Unsecured loans from relatives private company co's act 2013

For amount lying on 31.3.2014, file return with ROC u/s 74 and refund the amount by 31.3.2015.

But the problem is that, the company has a lot of unsecured loan from the relatives, and converting the same into shareholder's capital would mean no benefit of Interest deduction under IT +  paying additional Dividend tax on the returns.  Can anybody solve the dilemma?