Aswathy (CS) (175 Points)

29 May 2010  


"it must be noted that it is only the number of members (in a private company) that is limited to 50. a pvt co may isue debentures to any number of persons, the only condition being that an invitation to the public to subsribe for debentures is prohibited"
page 47 of company law cs exe study material

friends pls tell me wat it means. i am confused.