Ours is a Indian private limited Joint venture company. the shareholders of the Company are ABC(indian company) holding 50 percent shares, PQR (Foreign Company) holding 49 percent shares and XYZ (foreign Company)holding 1 percent shares. The Board of Directors are 3 foreign Directors and 3 Indian Directors. These Directors represent the respective shareholding Comapny. My paid up share capital is Rs. 6 Crores. Now My query is our Indian Private COmpany wants to avail/taken Loan from PQR(shareholders) comapny. Please let me know the rules of FEMA, is general meeting required to be called. Is there any limit of availiment of Loan. Kindly guide me on the same.... 
Loan
Sarika Agarwal (Service) (151 Points)
16 June 2011
CAclubindia
