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Dear All,
Following is the situation, please answer asap:-
Unsecured Loans from Directors/Shareholders-Rs 3 Cr
Share Capital- Rs 7 Lakhs
Now, the Director/Shareholder wants to transfer Rs 1 Cr from Unsecured Loan to Share Capital.
Basically he wants to capitalize its Loans portion and wants to build a stronger Balance Sheet.
Please advise whether Share capital can be issued from amount of Unsecured Loan? |
