Can a private LTD issue debentures and accept deposits from the public?
John Miller (Business Strategist) 18 November 2020
Can a private LTD issue debentures and accept deposits from the public?
SHIRISH PAWAR, 7738990900 (Advocate) 18 November 2020
Hello,
As per me, a private limited company can issue secured debentures to the public.
Adv Vinay Mathur + 8447131770 (Advocate) 18 November 2020
Sureka Nagendhran (Senior Advocate) 18 November 2020
Private LTD companies can issue debentures but cannot accept the deposits from the public, but only its own directors
LegalWizin (Online Legal Service) 20 November 2020
With reference to notification dated Notification dated 5th June, 2015, the relaxation has been provided to a Private Limited Company to accept deposit from the members of the company however not from the public. Further, the amount of monies accepted from public deposit shall not exceed one hundred per cent, of aggregate of the paid up share capital and free reserves.
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