Conversion of unsecured loan into share application

This query is : Open

manisha gupta (Querist)
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09 May 2014 Dear All,

Please provide us the complete procedure for conversion of unsecured loan into share application as per Act,2013.

Also needed the format of application and resolution for same.

Thanks & Regards

Yogesh Shukla

Yogesh Shukla (Expert)
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09 May 2014 An application / request from the person giving unsecured loan to convert the
same into shares.
A Board resolution by the company approving the conversion of unsecured loan
into share application money.

manisha gupta

manisha gupta (Querist)
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10 May 2014 Thank You for ur reply.. i also needed the format of application. Please provide.

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