It is given that ,A Pvt co. may issue debentures to any no.of persons , the only condition being that an invitation to the public to subscribe for debentures is prohibited..
plz explain this statement ..
tq...
Menu
Issue of debentures
Replies (6)
limit on Pvt Company is in respect of members not debenture holders so a Pvt company may issue debentures to any no. of persons through private placement or preferential allotment but shall not issue prospectus to public for subscripttion .
Agreed with Vaishali. Any restriction on the number debentureholders in case of private limited company?
the act places on restriction on issue of debentures except to appoint a debenture trustee for issue to public , preferential allotment,or members exceeding 500.
so that means being a private company, i can have 500 debenture holders?
not so sure but I think yes
you can have more debenture holder if company appoints a debenture trustee as per section 71
Recent Topics :
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
Related Topics :
CAclubindia
