Dear Members,
For Conversion of loan in to equity, since company is not able to repay the loan to directors.
Please let me know whether a Valuation report is required ??
Hello,
What is the procedure of conversion of Loan into Equity share.
share
equity
into
loan
conversion
Hi Members,
Kindly confirm what option do we select in purpose of Form SH-7 in case of conversion of CCPS into equity and do we file SH-7 before PAS-3 or the sequence doesn't matter?
shares
equity
into
ccps
conversion
Hi Everyone,
Please share draft documents along with forms filed for the purpose of issue of Sweat equity shares.
Learned Members,
Please guide the stamp duty and registration fee, if any, in the state of Madhya Pradesh on agreement for Conversion of Loan into Equity under Section 62(3) of the Companies Act and also guide whether Valuation Report will be required or not.
Dear Professionals,
We have converted one partnership firm into the company on December 2021.
Before conversion, they have 2 lakh in the capital account and 50 lakh in the current account.
After conversion 2 lakh became share capital and Rs.50 Lakh treated as unsecured loan from director.
Can we convert above mentioned unsecured loan of 50 lakh (Previously current account) into share capital..?
Because;
In order to convert the loan into share capital, as per provisions of section 62(3) of the Companies Act, the company has taken loan on the terms that the loan will be converted into share capital and such option has been approved by special resolution before taking of loan then in such case subscribed capital can be increased.
It must be noted that it is at most important to pass the special resolution at the time of acceptance of the loan without passing the special resolution; the loan cannot be converted into share capital.
How can we convert the unsecured loan into share capital?
Please guide..
Respected Members,
Request to share Draft MOU/Agreement for Transfer of Equity Shares of an existing Shareholder of a Pvt Limited Company.
Respected Members,
Request to share Draft MOU/Agreement for Transfer of Equity Shares of an existing Shareholder of a Pvt Limited Company.
Dear Members,
Can Trade Payable of the company be allotted equity shares for consideration of their due amount?
Will it be indirectly considered as a loan?
Opinions are invited in this regard.
Hi All,
Plz anyone can help the conversion from EBC into equity.
whats the procedure
equity
into
conversion
Hello Professionals...
What will be the base price for equity shares in case of transfer of shares in pvt ltd company???
Is valuation report required from registered valuers???
Thanks in advance.
Dear Members,
PAS-3 was filed when CCPS (Compulsorily Convertible Preference Shares) were issued 3 years ago. Now do we have to file PAS-3 again after conversion of CCPS into Equity? If not, then do we have to file any form to intimate the conversion to ROC?
