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Yes. But Companies Act levies a restriction on the same. The company can raise only up to the total of its Paid up capital and free cash reserves. It cannot issue unsecured debentures beyond this limit.
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Wazzeer Professional Network
ProfessionalCan a Private limited Company issue unsecured non convertible debenture?
-
Wazzeer Professional Network
ProfessionalYes. But Companies Act levies a restriction on the same. The company can raise only up to the total of its Paid up capital and free cash reserves. It cannot issue unsecured debentures beyond this limit.
almost 3 years ago
View answer
Can a Private limited Company issue unsecured non convertible debenture?
-
Wazzeer Professional Network
ProfessionalYes. But Companies Act levies a restriction on the same. The company can raise only up to the total of its Paid up capital and free cash reserves. It cannot issue unsecured debentures beyond this limit.
almost 3 years ago
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