Conversion of unsecured loan to equity share capital
Querist : Anonymous
My query is, whether valuation of share as on the date of conversion is required for a unlisted private company, In case of conversion of Unsecured Loans, extended by the current equity share holders. ?
Or
Conversion is possible without valuation just by giving away shares at face value plus some premium amount per share, arbitrarily.
Please note current directors and shareholders are same in whose name conversion is taking place.
Awaiting response.
Querist : Anonymous
Also, please share detail procedure to do the same.
Querist : Anonymous
Querist : Anonymous
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