hi all,
please tell me if debentures can be issued to LLP on private placement basis by a private limited company
ANTONY EDGAR
(CA in Practice)
(89 Points)
Replied 08 December 2012
Yes a PVT LTD company can issue debenture to an LLP, but only as a debenture secured by mortgage over imovable property with market value of the property more than the debenture value.
CAclubindia
