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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Indian companies can borrow from NRIs through Non-convertible Debentures with interest rate and sector restrictions</h1> Indian companies may borrow in rupees from non-resident Indians and persons of Indian origin through Non-convertible Debentures subject to specific conditions. The debentures must be issued through public offer with interest rates not exceeding State Bank of India's prime lending rate plus 300 basis points. Minimum redemption period is three years. Companies in agriculture, plantation, real estate, or trading in development rights are excluded. Detailed reporting to Reserve Bank is mandatory within 30 days. Additional conditions apply for repatriation versus non-repatriation basis borrowings, including investment limits and fund source requirements.
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