While Conversion of Loan into equity do we need to check or comply with any other subsection of Section 62 of companies Act 2013
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equity
into
loan
conversion
Dear Member,
In case of conversion of loan into Equity under Section 62(3) for client Company, The date of allotment is 31.03.2020.
My Query is:
1. Whether Form PAS-3 is to be filed within 15 days or within 30 days of allotment?
Note- As Prospectus and allotment of securities, Rule 2014
Its Rule -12- Say that PAS-3 shall be filed within 30 days.
Its Rule -14- Say that PAS-3 shall be filed within 15 days.
Since there is no time limit mentioned under section 62 and in Rule 13 of Share Capital and debenture Rule 2014- for filling of pas-3 and It says that the Company should comply Section 42 and its Rule 14 of Prospectus and allotment of securities, Rule 2014 mentioned above.
Does it mean the company needs to file pas-3 within 15 days? Am I Right.? Please guide me in this case.
Please also guide whether a Chartered account in practice having experience of 10 years can provide a valuation report in this case? Thank you.
equitypas
into
loan
conversion
Dear members,
I am a bit confused regarding format of URC-2, newspaper notice for conversion of a LLP into a Private Limited Company. Whether it is to be given in old format or in new format after the amendment.
Regards
While converting company into LLP if consent of all the secured creditors for conversion of company into LLP is attached with form 18, why there is pre-requisite that No open (unsatisfied) charges should be pending against the company before filing form 18?
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company
converting
Dear Members,
Please guide on below mentioned query:
In a Private Company 7,00,000 preference shares of Rs. 10 each are converted into 52,778
equity shares of Rs. 10 each at a premium of Rs. 122.63 per share. No cash is paid to
existing preference shares for this conversion.
Now, in Form SH-7 do I have to select option convert (under head consolidation or division)
or redemption of shares.
What are mandatory attachments required in this matter in Form SH-7. Does any approval from Tribunal is also required?
Further, after approval of Form SH-7, do I have to file Form PAS-3 also.
Request you to please reply as early as possible. Your prompt reply shall be very helpful.
equity
into
shares
preference
conversion
Hi All,
Can anyone provide a draft letter of conversion of Loan into Preference Shares?
preference
shares
into
loan
conversion
letter
Dear Members,
Can anyone suggest the procedure for conversion of Private Co. into Producer Co. and Forms to be filed for the same.
producer
into
private
conversion
whether there shall be stamp duty applicable fro Conversion of Partnership firm into LLP with same two Partners continuing in the LLP.
firm
into
partnership
conversion
duty
stamp
Dear Members,
Please share documents for Conversion of Loan into Equity in Private Company.
equity
into
loan
conversion
Dear professionals,
What should i do
As i have filed (Re-submission) Form 18 and Fillip for Conversion to LLP and Roc has given the Rejection Letter, kindly Advise me whether i have the option to file the Form Again or not.
into
limited
private
conversion
regarding
Dear professionals,
What should i do
As i have filed (Re-submission) Form 18 and Fillip for Conversion to LLP and Roc has given the Rejection Letter, kindly Advise me whether i have the option to file the Form Again or not.
into
limited
private
conversion
What are the requirements in respect of the licences, permits or approvals obtained by Private or Unlisted Public Company prior to its conversion into LLP?
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conversion
into
company
public
private
unlisted
requirements
