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If you would have ever worked on such kind of transaction deal then you wouldn't be commenting such BS! Typical t1 attitude
A 7-word comment posted 3 years ago was not published.
Fema debt instruments rules padle ncd are debt instruments sabh compliance udhar hi milenge
If NRIs are using their Indian bank account to pay for it, then it's the same thing as issuing NCDs to any Indian resident.
To all the transactional lawyers out there, which provision of law authorises an Indian Private Company to issue NCDs to NRIs?