In a startup Pvt. Ltd. Company Director is being provide loans wef 01/06/2022 to the company as per requirement in the company mainly for paying salary, till date she has given Rs. 1.80 Cr. Now she wants to convert this loan into equity at current valuation of the company (that comes Rs. 48000/+ as per DCF). So far MGT -14 is not filled for this Loan conversion into equity as required under section 62(3). Pls suggest what to do in this case. As for allotment PAS 3 is required to be filled and in PAS -3 reference of MGT -14 is also required
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subject
equity
into
loan
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Hi Everyone!
In case of conversion of LLP to Company, whether physical MOA or AOA is required to file at the time of conversion?
company
into
conversion
Hello Professionals
Can a company convert the existing shares into shares with differential voting rights and vice versa?
When does SFIO investigate into the affairs of a company?
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affairs
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investigate
Hi to all members,
A holding company can invest in the shares of a Subsidiary Company
But, can a subsidiary company hold shares in its holding company?
company
holding
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investment
subsidiary
Please share how to do and if possible share the drafts.
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Forwarded query:
One of a Company want to issue debentures with an option to convert such debentures into shares through CCPS in future. So while drafting documents of CCD do I write the line below or what would be the correct line.
1. Approval of Issue and allotment of 36 Unsecured Compulsorily Convertible Debentures and/ or other debt Securities on private placement basis
or
1. Approval of Issue and allotment of 36 Unsecured Compulsorily Convertible Debentures
Please advise at the earliest.
What are the process and cost for the conversion? Please suggest that what are the criteria need to fulfil before the conversion?
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private
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conversion
While filing Application and Statement for conversion of a private company/ unlisted public company into limited liability partnership (LLP) & to be filed along with Fillip itself ?
What will be mandatory attachment ?
company
limited
liability
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partnership
public
private
unlisted
conversion
Dear Members
A company intends to convert its redeemable preference shares
into equity share capital. Can it do so under the provisions of the
Companies Act, 2013?
equity
share
capital
into
shares
redeemable
preference
conversion
Please share draft format for the same.
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limited
private
conversion
Hello
Can one convert a sole proprietorship into one person company?
into
conversion
