Legal Question in Business Law in India
Can a subsidiary company can issue Non-convertible debentures to pay the dues of the parent company?
Asked on 6/13/16, 5:13 am
2 Answers from Attorneys
Fca Prashant Chavan
Expert Edge LLP
13.06.2016
Dear Sir / Madam,
No, a subsidiary cannot issue non-convertible debentures to pay off the debts of the parent company.
Regards,
Answered on 6/13/16, 9:30 am
To answer your question, it is imperative to know the details of potential subscribers to the NCDs. Also, whether the parent company is an Indian Company or foreign company. These and other details are must to satisfactorily respond to your question.
Best,
Answered on 6/14/16, 3:40 am
Related Questions & Answers
-
My client (contractor) work is already terminated by the principal employer. Now our... Asked 6/11/16, 7:52 pm in India Business Law
-
I am a promoter of one of small scale industry, Unfortunately one of majershare... Asked 6/10/16, 4:01 am in India Business Law
-
Please let me know if a director can continue in the board in an Indian company... Asked 6/09/16, 9:50 pm in India Business Law
-
Sir the loan amount is 6 lac.do I have to pay the loan....sir I belong a middle... Asked 6/08/16, 9:21 am in India Business Law
-
Sir my father was expired when I was 16 yrs old now I am 25.sir mere Dada ki sari... Asked 6/08/16, 6:59 am in India Business Law