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Who can issue NCD in India?

Zerodha (Flat Rs 20 Per Trade)

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Any company in India can issue NCD provided:

  • The promoters and directors of the company are not debarred from accessing the capital markets.
  • The promoters and directors of the company are neither defaulters nor fugitive economic offended.
  • The issuer has paid all fines and penalties imposed by SEBI/ stock exchanges, if any.

Further, the issuing company shall comply with the guidelines laid down in the NCD Regulations of SEBI.


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