Conversion of unsecured loan in to equity
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 May 2013
Can Pvt. Ltd. convert its unsecured given by promoter in to Equity Share Capital? If yes what procedure followed for Roc Compliances?
03 July 2013
you can convert as share application money and follow the normal allotment procedure
02 June 2014
Yes, follow normal allotment process
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