CONVERSION OF LOAN INTO EQUITY

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....ONVERSION OF LOAN INTO EQUITY<br> Query (Issue) Started By: - S.C. WADHWA Dated:- 19-12-2014 Last Reply Date:- 19-12-2015 Accounting - Auditing<br>Got 1 Reply<br>Companies Law<br>X (A Pvt. Ltd. Compan....

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....y in India) purchased 500 shares @ 1 Euro each of B (A company incorporated outside India). Since B shares capital consisted of 500 shares, it became wholly owned susbsidiary of X. X also gave loan o....

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....f 700 Euro to B during financial year 2013-14 which was recoverted in indian Rs. As on 31/03/14. Now, during financial year 2014-15, this loan is converted into 700 shares of 1 Euro each. Please adv....

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....ise What entry is to be passed At what value, transaction to be booked Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether you have got clarified in the above said issue? If not please inform.<br>....

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