UNSECURED DEBENTURES
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 July 2011
CAN A PRIVATE COMPANY ISSUE UNSECURED DEBENTURES.
THANKS & REGARDS
SATYAM
THANKS & REGARDS
SATYAM
04 July 2011
My view
as per Sec 3 (1)(iii)A private company can issue unsecured Debenture to its shareholders/directors and their relatives, otherwise again the same will be regarded as "Deposit"
as per Sec 3 (1)(iii)A private company can issue unsecured Debenture to its shareholders/directors and their relatives, otherwise again the same will be regarded as "Deposit"
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