Company law
Querist : Anonymous
pls suggest me the concept of perpetual debentures, can a pvt ltd company can issue perpetual debentures
Irredeemable debentures.—These debentures are also called and known as perpetual debentures. Section 120 deals with perpetual debentures. It reads as under:
A condition contained in any debentures or in any deed for securing any debentures, whether issued or executed before or after the commencement of this Act, shall not be invalid by reason only that thereby, the debentures are made irredeemable or redeemable only on the happening of a contingency, however remote, or on the expiration of a period, however long.
Yes, private company can issue such kind of debentures.
Querist : Anonymous
would u pls tel me the procedure for issue said debentures
https://www.eshwars.com/ARTICLE_AUDIT_COMMITTEE.pdf
Click here to login now
Similar Resolved Queries
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
