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What is the Procedure to file MGT-14 for a convertible loan?

Loan agreement need not be filed with MGT-14. It is advisable not to use the funds till MGT-14 is approved. Typically MCA approves MGT-14 in 3-4 working days. It is advisable to have a loan agreement with your debtors. But a separate term sheet is not required. Registering a loan agreement is entirely up to the company and debtors. However, the loan a...

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