This document consist of word format of Board Resolution along with Preamble for conversion of loan into Equity Shares.
This will help to your save time, effort and easy execution of this resolution
Chapter: Chapter - IV
Section: Section 62
Approximate Time Saving: 2 hours
This document consist of word format of Board Resolution along with Preamble for conversion of loan into Equity Shares.
This will help to your save time, effort and easy execution of this resolution
Section 62(3)
Nothing in this section shall apply to the increase of the subscribed capital of a company caused by the exercise of an option as a term attached to the debentures issued or loan raised by the company to convert such debentures or loans into shares in the company:
Provided that the terms of issue of such debentures or loan containing such an option have been approved before the issue of such debentures or the raising of loan by a special resolution passed by the company in general meeting.
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