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V.S. Datey on Companies Act, 2013
  • Debentures

    by MEMBER Ch on Tuesday, February 12, 2019 at 01:10 PM

    Dear Sir i have three querries regarding debentures 1.can a pvt Company convert Advances into Debentures, in this case private placement rules is applicable. 2. as per companies 2013 act is it possible to issue optionally convertible debentures by a pvt Company? 3. as per companies 2013 act is it possible to issue unsecured debentures (optionally convertible). one of CS is telling that convertible includes optionally convertible so deposit rules not applicable is this correct? please

    Replied byV.S. Datey Wednesday, February 13, 2019 at 05:49 PM

    1. with written consent and resolution in AGM 2.seems no legal bar 3. no 4. difficut to agree V S Datey

 
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