Can a Private Company issue unsecured debenture under the Companies Act 2013 ........

Companies Act-Phase (I & II) Share capital and debentures

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Can a Private Company issue unsecured debenture under the Companies Act, 2013?

Yes

Partly Yes

Partly No

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Explanation:

Section 71 of the Companies Act, 2013, a Private Limited Company can issue unsecured debentures with an option to convert such debentures into shares, either in whole or in part at the time of redemption. Yes, it can issue secured as well as unsecured debenture but through private placement basis only.

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