Can a private company issue unsecured compulsorily convertible debentures?
This query is : Resolved
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
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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