As we all aware loan could be converted into equity shares but is it possible to convert the deposit into equity???
2 Replies
Tejas Tak
(315 Points)
Replied 13 December 2018
no deposit cannot be converted into equity there are no relevant provisions for the same
Shrikant
(Associate)
(350 Points)
Replied 13 December 2018
But definition of deposit says it includes a 'loan' and there is provision for the conversion of loan into equity shares.
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