Changing DL to Share Capital in 3C period

[jafersadeq]

Dear Gurus,

Is it possible to change some of director's loan (some of 450K) to share capital during the period of section 3C, if someone wants to claim points in the fresh application as share capital instead of DL (if the first application refused for some reasons), that means creating 200 shares @ £1 at the time of section 3C and prepare a new unaudited accounts for that to claim points of share capital investment.
The date of shares will be after visa expiry date but in section 3C.

Please advise

Thanks

[zimba]

Immigration rules do not concern themselves with business details. You need to discuss your decisions with your accountant and advisors.
You simply need to send the documents as required per rules to prove your investments. The guide is clear what need to be sent.
How many shares and how and when you do this is not relevant in the rules or under section 3C.

[marcnath]

Dear Gurus,

Is it possible to change some of director's loan (some of 450K) to share capital during the period of section 3C, if someone wants to claim points in the fresh application as share capital instead of DL (if the first application refused for some reasons), that means creating 200 shares @ £1 at the time of section 3C and prepare a new unaudited accounts for that to claim points of share capital investment.
The date of shares will be after visa expiry date but in section 3C.

Please advise

Thanks

The requirements state that the investment needs to be made "in his last grant of leave"

I read that to mean that the investment should be made before the expiry date of your visa.

[xakii]

Please let me know if you have converted dl to share capital as i'm going through the same, I have also consulted lawyers and accountants but no one is clear whether this is possible or not. please let me know if you have obtained legal assistance