Can a closely held company issue bond

This query is : Resolved 

03 July 2013 can a public unlisted co. issue bond with option to convert it into equity share.

If yes what are the condition, and under which section of company law.

what is the meaning of Bond in company law

03 July 2013 Hi

I will suggest you to read sub-section (1A) of section 81 of the Companies Act, 1956 read with Unlisted Public Companies (Preferential Allotment) Rules, 2003. It will help you.


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