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Are NRIs permitted to invest in Commercial Paper (CP) issued by Indian companies?

April 26, 2017Commercial companies CP indian invest issued NRIs paper permitted

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Are NRIs permitted to invest in Commercial Paper (CP) issued by Indian companies?

3 Answers

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Ans. Yes. General permission has been granted by the Reserve Bank to Indian companies to issue CP to NRI individuals subject to the conditions that the amount invested will not be repatriated outside India and the CP will not be transferable.

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Yes. General permission has been granted by the Reserve Bank to Indian companies to issue CP to NRI individuals subject to the conditions that the amount invested will not be repatriated outside India and the CP will not be transferable.

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Posted

Yes. General permission has been granted by Reserve Bank to Indian companies to issue CP to NRI individuals subject to the conditions that the amount invested will not be repatriated outside India and the CP will not be transferable.