members here means shareholders
max limit
pvt co. 50
public co. no limit
and
debenture is a seperate issue
you can issue debenture to any person via public issue in public co. but not in the case of pvt. co. it is not allowed, it has to be placed privately. i.e. not via public issue other than that
thanks friend!!
SMJ global advisors pvt ltd
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T R SOOD & CO
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CAclubindia
