Debenture

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Querist : Anonymous (Querist)

07 April 2015 Can a private company issue unsecured debentures as per companies act 2013??

VISHNU PRASAD GHUWALEWALA

VISHNU PRASAD GHUWALEWALA (Expert)
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07 April 2015 Private Company is prohibited from accepting Deposit. Therefore, a P.LTD.Company can issue either convertible debenture or Secured convertible debenture to maximum of 49 People. It can not issue unsecured debentures as it will be treated as deposit.

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Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2015 thank u sir for your valuable rly