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Regarding Private Placement
Can a newly incorporated private company go for issue of unsecured partly convertible debentures through private placement.
Replies (1)
It will amount to deposit within the meaning of section 73 and thus, it can issue such debentures within the limit prescribed for deposit.
however check for exemption available to pvt company from fulfilment of certain conditions.
however check for exemption available to pvt company from fulfilment of certain conditions.
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