CCDs come beneath the definition of securities and Rule 9A of the companies (Prospectus and Allotment of Securities) Rules, 2014 is liable. Thus the firm beneath the obligation to facilitate demat through receiving ISIN. Rule 9A(8) of the Companies (Prospectus and Allotment of Securities) Rules, 2014 directed that every non listed public firms regulated through this law will furnish Form PAS-6, but the Rule 9A(8A) of the Companies (Prospectus and Allotment of Securities) Rules, 2014 said the difference seen in the issued capital held in the demat form. Thus ambiguity has been raised because if Form PAS-6 is to be furnished for debentures or not. However it is said that the Form PAS-6 is needed to be furnished even for CCDs..