camantra

Mandatory Reporting of Loan by all Companies

MCA vide notification dated 22nd Jan 2019 came with two additional reporting where it wants to know the information about outstanding receipt of money or loan by a company.  DPT 3 is a return of deposits that companies need to file to enounce the information about deposits and/or outstanding receipt of loan or money other than deposits. One-time Reporting – Every Company is needed to submit a onetime return for… Read More »Mandatory Reporting of Loan by all Companies

Conversion of Loan into Equity Share Capital of the Company

Conversion of loan into equity share capital is most credible method to raise capital without immediate investments. To carry out effortless and smooth business, at times, loan is converted into share capital. The new provisions of Companies Act, 2013 says that the conversion of loan 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… Read More »Conversion of Loan into Equity Share Capital of the Company