Conversion of Loan into Equity Section 62(3) of the Companies Act,2013

Last updated: 13 May 2020
Quick Summary
This document details the process and legal requirements for converting company loans into equity shares under Section 62(3) of the Companies Act, 2013. It explains how companies can reduce liabilities without cash outlay by issuing shares in lieu of loans, provided shareholder approval via a special resolution is obtained at the time the loan is taken. The guide outlines the necessary procedures, including board and shareholder meetings, filing forms MGT-14 and PAS-3, and addresses common queries regarding valuation and loan modification. This information is crucial for company directors, legal advisors, and finance professionals involved in corporate restructuring and fundraising.

File details
DOCX 18 KB 0 downloads Corporate Law
File description
Brief Description of Conversion of Loan into Equity Section 62(3) of the Companies Act,2013 #docx
Download DOCX 18 KB Like
Submitted by · Posted 13 May 2020 · Other files by Divya Modani · Report
Comments

Recent Files in Corporate Law

View more →
XLSX

ICAI Releases Excel Formats for Financial Statements of Limited Liability Partnerships

11 July 2026 Download
XLSX

ICAI Releases Excel Formats for Financial Statements of Non-Corporate Entities

11 July 2026 Download
PDF

Handbook on Key Compliances and Exemptions for Private Limited Company under the Companies Act, 2013

11 March 2026 Download
PDF

Supreme Court Annual Digest 2025

10 February 2026 Download
PDF

Contract Drafting, Governance & Defence

12 January 2026 Download
PDF

LLP Law in India

05 January 2026 Download

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member Vasudevan SanthanamVasudevan SanthanamPro Member Paramjeet Singh ThakurParamjeet Singh ThakurPro Member Sri HarshaSri HarshaPro Member AGNIHOTRAM RAM NARAYANAAGNIHOTRAM RAM NARAYANAPro Member SameerSameer
Subscribe to Pro
Join an elite circle of professionals


Popular Files


  1. RBI Bulletin - August 2026
  2. Performance of Private Corporate Business Sector during Q1:2026-27
  3. Monthly Economic Review - July 2026
  4. 5 Years of e-Shram Portal
  5. ICAI Members' Journal - September 2026
  6. ICAI Students' Journal - September 2026
  7. ICAI Students' Journal - August 2026
  8. RTPs for CA Final Nov 2026 Exams
  9. PAN Card Correction Form For Non-Individual
  10. User Manual of UDIN Portal for ICAI DigiCA Platform

Latest Job Openings

View all
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details