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    Query regarding CCD

    Posted By : CS Gaurav / Published on : 08-May-2018 05:04 AM / View : 315 / Comment : 0

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    Dear Learned members, A private limited company has issued unsecured CCD for Non-Resident with a Tenure of 3 years. LAter at the time of Converstion the company wish to retain the instrument as CCD for a period of 2 years rather than converting it into Equity with the permission of Shareholder. Can the company do so? If they can do so what they need to comply with RBI?
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