Please Help: FDI
Posted Date : 09-Feb-2012 , 11:40:09 am | Posted By Mohammad Nazim
Dear sir please give me your valuable opinion on the give situation
AB PVT LTD Indian company having two shareholder one is A (NRE) holding only one share and seconed Is B (foreign company) holding 9999 share.
FDI come under automatic route
all the investment by “B”
My Question is can we issue unsecured convertible debenture to “B” because Pvt ltd company can not issue unsecured debenture
AB PVT LTD Indian company having two shareholder one is A (NRE) holding only one share and seconed Is B (foreign company) holding 9999 share.
FDI come under automatic route
all the investment by “B”
My Question is can we issue unsecured convertible debenture to “B” because Pvt ltd company can not issue unsecured debenture
Category : FEMA | Answers : 1 | Comments : 0 | Hits : 337
Answers
Answer By: Mrattunjay
we can not issue unsecured convertible debenture to “B” because Pvt ltd company can not issue unsecured debenture
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