FOREIGN COMPANY GIVING LOAN
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 May 2011
DEAR SIR,
PLEASE LET ME KNOW
1.WHAT ARE LIMITATION IN BRINGING FOREIGN COMPANY LOAN TO INDIA.
2. AT A TIME HOW MUCH MONEY CAN BE TRANSFERED FROM FOREIGN COMPANY TO OUR BANK CURRENT A/C. AS A LOAN BASIS WHICH IS REFUNDED LATER WITH INTEREST.
3.IS THEIR ANY FORMALITIES INVOLVED ABOUT RBI PERMISSION FOR FUNDS TRANSFER AS LOAN FROM FOREIGN COMPANY.
WAITING FOR EARLY REPLY.
PLEASE LET ME KNOW
1.WHAT ARE LIMITATION IN BRINGING FOREIGN COMPANY LOAN TO INDIA.
2. AT A TIME HOW MUCH MONEY CAN BE TRANSFERED FROM FOREIGN COMPANY TO OUR BANK CURRENT A/C. AS A LOAN BASIS WHICH IS REFUNDED LATER WITH INTEREST.
3.IS THEIR ANY FORMALITIES INVOLVED ABOUT RBI PERMISSION FOR FUNDS TRANSFER AS LOAN FROM FOREIGN COMPANY.
WAITING FOR EARLY REPLY.
CA. Anuj Gupta
(Expert)
16 May 2011
There are separate guidelines for obtaining foreign currency loan and the same are called External Commercial Borrowings.These are intensive guidelines providing for amount of loan that can be obtained, rate of interest and other things.
Anuj
0-9810106211
Anuj
0-9810106211
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