Dear sir,
plz tell me Can A Private Limited issue Debentures or not.
Thanks
Shammi
Shammi_Vision (Tax Consultants) (283 Points)
09 June 2010Dear sir,
plz tell me Can A Private Limited issue Debentures or not.
Thanks
Shammi
Hitesh Kothari
(Chartered Accountant M.No. - 134239)
(326 Points)
Replied 09 June 2010
Hi Shammi,
Yes, refer to the enclosed pdf file for details and procedure.
Regards
HItesh
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 09 June 2010
Yes it is very much possible. Also check the provisions of your Articles if there is any restriction placed.
CA Mukul Mittal
(CA in practice)
(384 Points)
Replied 10 June 2010
a private company cannot issue debentures to general public as per section 3(1)(iii)
PRATEEK
(ACA)
(102 Points)
Replied 10 June 2010
debentures as defined in companies act is an acknowledgement of a debt which is issued by a borrower from a lender which is not always secured by a charge on companies assets
a private company cannot accept deposit from public but it accept it from promoters ,directiors or the relative of te directors or the members
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