Brief Steps for Issue of Unsecured Debentures by a Private Company

CS Binit Thakur | Last updated: 25 June 2026

Save Share

Quick Summary

This guide outlines the essential steps for a private company to issue unsecured debentures, adhering to the Companies Act, 2013. It covers verifying the company's Articles of Association and borrowing powers, finalising debenture terms, and convening board and shareholder meetings to pass necessary resolutions. The process also includes filing required forms with the Registrar of Companies (ROC), issuing offer letters, managing subscription money, allotting debentures, and issuing certificates.

Legal provisions Section 42, Section 71 and Section 179 of the Companies Act, 2013 read with relevant rules under the Companies (Share Capital and Debentures) Rules, 2014 and Companies (Prospectus and Allotment of Securities) Rules, 2014. Section 71 provides that debentures shall not carry voting r

Daily Limit Reached