Counsel

Ask an expert! Legal, accounting and compliance advice from qualified professionals.

Share Details

0/200
0/1500

Your Question has been submitted.

The Counsel team is processing your question and connecting to the best suited professional from the community to have it answered. We’ll get back with an answer shortly.

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...


View answer

Looking to hire a professional from our handpicked community?

Explore our services, submit your request and let us do the rest for you.

Get started