Issue of debenture
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 April 2014
One of our client who is a private limited company wants to raise funds through unsecured debentures/ deposit from public.
What are the rule regulation for the same.?
Can Unsecured Non Convertible Debentures be issued?
What are the rule regulation for the same.?
Can Unsecured Non Convertible Debentures be issued?
SHAKTI JINDAL
(Expert)
09 April 2014
The very definition of a private limited company - Section 2(68) prohibits invitation to the public to subscribe for any securities of the Company. Moreover, Section 76 on acceptance of deposits from public by certain companies also does not cover private companies. Hence private limited company cannot raise funds from the public.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Capital gains in IT returns
- Urd purchase entry in tally prime
- GSTR-9C filing
- IMS (import of goods) ITC related
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
