Debenture
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 April 2015
Can a private company issue unsecured debentures as per companies act 2013??
07 April 2015
Private Company is prohibited from accepting Deposit. Therefore, a P.LTD.Company can issue either convertible debenture or Secured convertible debenture to maximum of 49 People. It can not issue unsecured debentures as it will be treated as deposit.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
15 June 2015
thank u sir for your valuable rly
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