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    outstanding loan - strike off

    Posted By : damini / Published on : 08-Feb-2020 08:17 AM / View : 452 / Comment : 0

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    Hi,

    If a company wants to file for strike-off and there is loan outstanding to director cum shareholder, Please let me know which option is good:-

    1. Filing a waiver letter from Director cum shareholder for outstanding loan amount
    2. Converting Loan to equity
    3. Doing Right Issue & then paying of loan.

    It's Mumbai ROC, I don't know whether first option is acceptable or not.
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