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Who can issue CP?

April 26, 2017CP ISSUE

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Who can issue CP?

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Corporates, primary dealers (PDs) and the All-India Financial Institutions (FIs) are eligible to issue CP. 5. Whether all the corporates would automatically be eligible to issue CP No. A corporate would be eligible to issue CP provided – a. the tangible net worth of the company, as per the latest audited balance sheet, is not less than Rs. 4 crore b. company has been sanctioned working capital limit by bank/s or all-India financial institution/s; and c. the borrowal account of the company is classified as a Standard Asset by the financing bank/s/ institution/s.