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    Loan Conversion

    Posted By : damini / Published on : 25-Dec-2019 10:11 AM / View : 355 / Comment : 0

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    Dear Members

    needed a suggestion, can the loan be converted to equity under section 62 (1) c , if there were no terms of loan attached before taking a loan as per section 62 (3).

    so basically prior to taking a loan , we should have passed sr in EGM and filed in MGT-14, but no such agreement or terms were entered and now the company wants to convert the loan into equity
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