Private limted company and debentures
This query is : Resolved
15 February 2011
can private limited company issue non- convertible debentures to more than 50 people?
I understand that it cannot issue convertible debentures to more than 50 people as they will eventually be shareholders.
I understand that it cannot issue convertible debentures to more than 50 people as they will eventually be shareholders.
Sunil Kr. Sanganeria
(Expert)
15 February 2011
Holder of non convertible debenture is not considered shareholders of the Company so it can be issude to more than 50.
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