09 August 2012
Since Stock Exchange is a place where securities can be bought and sold by the public, a Pvt. Ltd. Company's securities cannot be listed on a stock exchange.
If such type of company issues unsecured debentures, it will have to follow the Companies Acceptance of Deposit Rules,1975.Further,it cannot make any invitation to the public to subscribe for its unsecured debentures.However, it can accept such type of debentures from its directors or their relatives or friends.
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