External Loans
This query is : Resolved
Nagaraju Pogula
(Querist)
22 February 2008
Can Indian company take loans from foriegn company? If it can lend what are the RBI and Comapnies act procedures to be followed.
If both are parent and subsidary comapnies what are the implicatins.
Please help me in this...
If both are parent and subsidary comapnies what are the implicatins.
Please help me in this...
S.Srinivasaraghavan
(Expert)
22 February 2008
Assuming that the foreign company is the holding company, the Indian subsidiary can borrow money from the foreign holding company, by complying with FEMA regulations detailed in Chapter 7 para 7B of FEMA Manual.
Nagaraju Pogula
(Querist)
22 February 2008
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