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of <h1>Section 94A: Conversion of Debentures or Loans into Shares Automatically Increases Company's Nominal Share Capital</h1> Section 94A of the Companies Act, 1956 mandates that if the Central Government orders the conversion of debentures or loans into shares under section 81(4), the company's nominal share capital is automatically increased by the value of the converted shares. This alteration in the company's memorandum is also applicable if a public financial institution opts to convert debentures or loans into shares, subject to government approval. Upon such alteration, the Central Government must notify the Registrar and the company, which then must file a return within thirty days to update the memorandum with the increased share capital.
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