Allotment of shares using Unsecured Loan

    Posted By : CS Gaurav / Published on : 06-Feb-2018 10:55 AM / View : 63 / Comment : 0
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    Dear Members, Please guide with reference to above subject. In a private limited company a director has contributed loan to company as unsecured loan without any terms or condition. Now the company wants to allot shares using the unsecured loan. Is it possible to allot shares using unsecured loan. If yes please let me know the procedure.
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