Bharath Sai Tadikonda ( Guntur )
30-Mar-2023 06:51 PM
Can Unsecured Loans from Directors be converted to Equity
Can Unsecured Loans from Directors be converted to Equity without any agreement made or resolution passed at the time of receiving such loans (regarding such conversion) ? Is there any other possibility for such conversion now?
Unsecured loans from directors can be converted in to equity by following procedure as given in Companies Act, 2013.
Answer given by Shubhamm Sir at 26-Apr-2023 04:18 PM