Loan from NBFC company

[Guest]

Dear Sir,

Whether a NBFC company (non deposit taking) can take Inter corporate deposit (ICD). And if yes then what the ceiling limit of interest?

[DR.MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above said issue? If not please inform.

AI Summary

Inter-corporate deposit rules for non-deposit NBFCs remain unresolved in this document; no interest ceiling specified. The central legal query asks whether a non-deposit taking NBFC may accept inter corporate deposits and what, if any, interest ceiling applies; the document contains no substantive analysis or statutory conclusion and only a follow-up question seeking clarification, leaving the issue unresolved.