Unsecured Compulsorily convertible debentures

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Can a private limited company issue unsecured compulsorily convertible debentures. If yes, wt are the formalities to be complied with? If not why not? Readers views solicited.

Replies (2)

Yes a PL Co can definitely issues Unsec. Fully and Manda Con Deb... Execute Deb Sub Agree and receive the money...allot Deb and issue a Deb Certi.

please provide resolution for conversion of Debentures into equity

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