Who can issue NCD in India?

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.