Debenture issue by Private Company

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 February 2011 Dear all

Can anyone please guide if we need to report to ROC for issue of debenture by private company?

Also, can a compulsory convertible debenture be partly redeemed by any means?

ADITI BIDASARIA

ADITI BIDASARIA (Expert)
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28 February 2011 Yes, you need to inform to ROC in Form No. 10.

Form 10 is to be filed only when a company issues a “Series of Debentures” containing any pari passu charge to the benefit of the debenture holders of that series.

Form 2 - `Return of Allotment’ being a requirement under Section 75 of the Companies Act is limited to allotment of shares and it does not in its scope cover Allotment of Debentures.