Conversion of loan into equity

    Posted By : Shreya Maheshwari / Published on : 22-Jul-2019 12:04 PM / View : 15 / Comment : 0
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    Dear Members,

    Pls solicit your views on following of my query :

    One company has taken a loan in Nov 2018 from members with the option to convert the same in equity but the MGT 14 was not filled and at that time companies authorized capital was below the loan amount....now can we file mgt 14 with backdate effect and increase the authorized capital now and allot shares in current date.
    Read more on : equity into loan conversion



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