Fema
This query is : Resolved
Manoranjan Mallia
(Querist)
13 April 2019
Dated: 13/4/2019
Our Pvt LTD company in Odisha ( 3 years old) wants avail loan of $3.00 M USD ( three million USD) from private lender of outside India for a period of 7 years to establish green house organic cultivation of vegetables and cut Flowers integrated with dairy farming and solar energy power back up.
This foreign currency will be through automatic route will be received by Indian bank where our account is maintained.
What is Recent updated FEMA rules and is there any prior permission required from RBI?
Awaiting for kind advise please
Regards
Manoranjan Mallia
Director
Dated: 13/4/2019
Our Pvt LTD company in Odisha ( 3 years old) wants avail loan of $3.00 M USD ( three million USD) from private lender of outside India for a period of 7 years to establish green house organic cultivation of vegetables and cut Flowers integrated with dairy farming and solar energy power back up.
This foreign currency will be through automatic route will be received by Indian bank where our account is maintained.
What is Recent updated FEMA rules and is there any prior permission required from RBI?
Awaiting for kind advise please
Regards
Manoranjan Mallia
Director
CA R SEETHARAMAN
(Expert)
14 April 2019
It's allowed see the link.
https://www.bankofbaroda.com/ecb-policy-guidelines.htm
Go for approval route.
https://www.bankofbaroda.com/ecb-policy-guidelines.htm
Go for approval route.
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