Issue of debenture by private ltd company

This query is : Open

Kiran Bangera (Querist)
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02 April 2016 Dear Sir/Madam,

Can Private Limited Company issue 0% Compulsorily Convertible Debentures?What is the procedure for the same and send me draft for the same.

Mandar

Mandar (Expert)
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04 April 2016 Yes they can issue it...Refer to Sec 71 72 of Companies Act 2013 & Rule 18 , 19 of Companies (Share capital & Debentures) Rules 2014

Kiran Bangera

Kiran Bangera (Querist)
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04 April 2016 I have refered to above said Sections but its is not clear whether Private or Public, Debenture has to be secured or unsecured.Whether it is in Boards Power or Members approval required.

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