Could you please provide me with detailed information regarding the necessary steps to convert CCPS into Equity Shares?
Additionally, I would greatly appreciate guidance on correctly completing and submitting Form SH-7 for this purpose. If there are any specific documents, annexures, or supporting materials required to accompany the form, kindly provide the details.
Respected Members, Can anyone share a Draft MOU for Transfer of Equity Shares of a Pvt Limited Company.
Click here to view / answer Share it onIn 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
Click here to view / answer Share it onHello all,
Can an Independent director be eligible for sweat equity share if he has given value addition to the company?
Dear all,
Can a company issue a sweat equity share to an Independent director?
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?
Dear Members !
Are the conditions of issue of sweat equity shares different for
start-up companies and other companies ?
What is the difference between ESOP and Sweat Equity share?
Click here to view / answer Share it onWhat is the difference between ESOP and Sweat Equity and which option will be more feasible for the Company ?
Click here to view / answer Share it onThe government is set to tighten norms for auditors and independent directors. The move is part of a fresh overhaul of the Companies Act, which is in the works. Auditors may not be able to get away by simply resigning from assignments when the going gets tough. The government is looking to mandate a report by the auditors to the shareholders, which will list the reasons for their resignation. Besides, rules are proposed to be tightened for independent directors, who will have to step down from board on completion of a specified number of years. It will come with the stipulation that an individual’s term as an additional director will be added to the tenure as an independent director so that board members do not get entrenched in the company.
Can any one share the reason for the Resignation of an Auditor ?
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.