Fema
This query is : Resolved
06 March 2013
Please let me know whether an Indian Company can take loan from his Director who is NRI or any RBI approval is required for it?What will be the reporting requirements in this case?
What will be situation if Loan has been given by Director from his NRO Account?
What will be situation if Loan has been given by Director from his NRO Account?
07 March 2013
Dear Monika Mahawar,
The Loan from NRI director or Foreign Director is treated as ECB. Kindly follow the ECB guidelines.
The Loan from NRI director or Foreign Director is treated as ECB. Kindly follow the ECB guidelines.
07 March 2013
Thanks.....
Kindly let me know whether reporting is required if loan has been given from NRO Account.
In ECB guidelines where it is mentioned that Director is eligible lender?
Kindly let me know whether reporting is required if loan has been given from NRO Account.
In ECB guidelines where it is mentioned that Director is eligible lender?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- FCRA 6 E- Intimation
- Bank details not Visible on Traces Portal
- Taxability of Partnership firm for FY 2025-26
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Same demand raised for original as well as rectification request return
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
