Legal Question in Business Law in India

What is the procedure for Issuing Of Non-Convertible Debentures by an unlisted Public Limited Company under Companies Act, 2013 and SEBI (Issue and Listing of Debt Securities) Regulations, 2008?


Asked on 6/14/16, 3:38 am

2 Answers from Attorneys

Fca Prashant Chavan Expert Edge LLP

14.06.2016

Dear Sir / Madam,

You may check out the detailed procedure on the Securities & Exchange Board of India (SEBI) website.

Regards,

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Answered on 6/14/16, 4:08 am

SEBI (Issue and Listing of Debt Securities), Regulations, 2008 do not apply to an unlisted company. NCDs by an unlisted public limited company can be issued with a board and shareholders resolution and upon creation of security and working out the trust relationship.

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Answered on 6/14/16, 4:23 am


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