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In private company, Is there any restriction on total number of debenture holders?
Replies (2)
for private company there is no restriction on number of debenture holders. There can be institutional/numerous HNI's when subscribing. However the restrictions are upon a company while making a private placement - 200 in a year (excluding QIB n ESOPs). Read Section 42 of CA 2013 for the private placement restrictions.
Thank you so much.
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