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Applicability of fema - most urgent

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(Querist)
07 February 2012 Hi frnds,

I have a query,
One of our client which is Pvt co. want to give loan to a foreign company which is neither a subsidiary nor JV. Can they give loan? if yes in which currency Indian or foreign. what are the other compliance they need to follow.
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Vishal D Shah

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Vishal D Shah (Expert)
11 February 2012 No. It can't.
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