A Unlstd Public Co. is prposing to issue debentures on Pvt. Placement.
Can it create a pledge of shares to secure issue of convertible debentures?
Views solicited!!.
Regards,
Ruchie
Ruchie Khanna (Company Secretary) (123 Points)
27 August 2011A Unlstd Public Co. is prposing to issue debentures on Pvt. Placement.
Can it create a pledge of shares to secure issue of convertible debentures?
Views solicited!!.
Regards,
Ruchie
CS Bijoy
(Expert)
(6394 Points)
Replied 01 September 2011
In such condition Debenture can be issued with convertible option and pledge not required to be made.