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PROCEDURE FOR CONVERSION OF LOAN TO EQUITY, Corporate Laws / SEBI / LLP

Issue Id: - 116016
Dated: 14-2-2020
By:- VENKAT S
PROCEDURE FOR CONVERSION OF LOAN TO EQUITY

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In case of loan taken from director shareholder in a private limited , what is the procedure to be followed to convert it to equity share capital. The loan was obtained under Companies Act 1956 hence MGT-14 was not applicable at that time. Can the company directly convert such loan now?

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1 Dated: 9-7-2020
By:- DR.MARIAPPAN GOVINDARAJAN

In my view it is not possible. Other views are expected.


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