https://www.taxtmi.com/forum/issue?id=116016 Conversion of a director/shareholder loan in a private limited company-originally taken under the Companies Act 1956 when MGT-14 was not applicable-was queried. The recorded expert reply states that direct conversion of such a loan into equity share capital is not possible, presented as an opinion and seeking further views; no procedural steps or statutory justification are provided. en-us Fri, 14 Feb 2020 12:58:24 +0530 Thu, 23 Jan 2025 15:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116016 Conversion of a director/shareholder loan in a private limited company-originally taken under the Companies Act 1956 when MGT-14 was not applicable-was queried. The recorded expert reply states that direct conversion of such a loan into equity share capital is not possible, presented as an opinion and seeking further views; no procedural steps or statutory justification are provided. Discussion-Forum Companies Law Fri, 14 Feb 2020 12:58:24 +0530 https://www.taxtmi.com/forum/issue?id=116016