Any company can convert loans into share capital of company under companies act 2013 (except loan taken and debenture issued to government company) Provisions under Companies Act, 2013 Provisions of Section- 62 doesn’t required to follow in this situation Special Resolution required filing at the time of issue of Debenture and Loan. Procedure followed by …
The concept of Right issue of shares is governed by section 62(1)(a) of the Companies Act, 2013. The said section deals with provision related to increase in subscribed share capital of the Company by issue of further shares. ‘Right Issue’ means offering shares to existing shareholders in proportion to their existing shareholding. The object is, …
Introduction Startups that need pre-seed or seed funding use convertible notes to raise money before offering equity funding. Since founders can buy their shares when they’re incorporated at a price specified in the articles of incorporation, turning around a few months later and selling shares at a significant markup would look suspicious. Convertible Notes allow …
Convertible Notes – Eligibility, Process and Requirements Read More »
Introduction Employees are the backbone of any business as their diligence and hard work play a crucial role in the growth of any business. Many companies appreciate their employees and reward them in different ways. Rewarding employees motivates them to contribute more to the growth of the business. Sweat equity shares is one such reward …
INTRODUCTION : Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward …
You have not received your Income Tax refund yet? Awaiting you refunds for a prolonged period, is really something which bothers! The following needs to be checked on before you find out the reasons for refund not being credited to your bank account: The income tax return must be filed within the due dates The …
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