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Can a private company issue unsecured compulsorily convertible debentures?

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ANITA (Querist)
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23 February 2015 can a private company issue unsecured compulsorily convertible debentures? as per the deposit rules, deposits does not include secured debentures. Does this mean a private company cannot issue unsecured debentures ? otherwise it will be termed as deposits and private companies anyways cannot accept deposits. please help

Nayak (Expert)
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27 February 2015 yes. Private company can issue compulsory convertible debenture but it shall be converted within 60 months from the date of issue.

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