Webconversion of loan into equity in case of default. As per Section 62 of the Companies Act, 2013, and other applicable provisions of the Act, approval of the members by way of a … WebSep 6, 2024 · then the number of CCPS converting into 100 Equity Shares, shall be the lower of (X) Further Share Issuance Price multiplied by 10; or (Y) 13,836 CCPS (the ratio …
Conversion of ECB into Equity Shares - taxguru.in
WebApr 8, 2024 · Section 62 (3) of Companies Act, 2013 Phase 1: Important Note: It is mandatory to pass the special resolution at the time of acceptance of Loan with the term of conversion into equity share capital in future. Phase 2: Implications for non-filling of e-form MGT 14 within 300 days from the date of passing of Special Resolution: Webby the Company is converted into 255,78,76,091 (Two Hundred Fifty Five Crore Seventy Eight Lakhs Seventy Six Thousand and Ninety One) Equity shares of the Company, … spuk bibliotheek
Conversion of Loan into Equity share Capital of the Company
WebIn the September 28 statement, Videocon had said that the RBI had asked all banks to ensure compliance under 62 (3) of the Companies Act, 2013 for loans taken by … WebSep 6, 2024 · In order to carry out smooth business, at times, debt is converted into share capital. The Companies Act, 2013 has come up with new provisions for the conversion of loans into equity shares and the same are contained in section 62 (3) of the said Act. The new provisions are effective from 1st April 2014. Current article highlight the provisions ... WebJun 23, 2024 · notice notice is hereby given that the extra-ordinary general meeting (“egm”) of the members of hdfc life insurance company limited (“the company”) will be held on wednesday, september 29, 2024, at 11.00 a.m. (ist) through video-conferencing (“vc”) or other audio visual means (“oavm”), to transact the following special business: 1. sheridan solomon realty