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Foreign investment in india

This query is : Resolved 
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(Querist)
03 February 2013 I request you to kindly clarify the following.

1. Is prior permission required by an Indian company (Pvt Ltd) to take loans from a foreign company (Pvt Ltd in Singapore). Both the companies have some common directors.

2. Is there any limit upto which prior permission not required in the above situation.

Thanks & Regards,
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CA. Anuj Gupta

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CA. Anuj Gupta (Expert)
04 February 2013 No prior permission is needed but there a certain conditions prescribed under ECB regulations that need to be fulfilled before taking he loan. Also LRN needs to be obtained from RBI to proceed in the matter .


Anuj
Femaquery@gmail.com
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Maheswaran.N

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Maheswaran.N (Querist)
07 February 2013 Thanks for your reply
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