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Can nri give loan to pvt ltd company?

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(Querist)
11 April 2013 Can a NRI give a loan to an Indian Pvt Ltd Company? the NRI is a distant relative of one of the Director of the Company. the Company is ready to make him a Shareholder of the Company is its necessary. Please Help.
State references for your answer.

Thank You.
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CA. Anuj Gupta

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CA. Anuj Gupta (Expert)
11 April 2013 You need to follow ECB guidelines before entering into any such transaction.

Anuj
femaquery@gmail.com
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