Foreign investment in india
This query is : Resolved
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,
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,
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
Anuj
Femaquery@gmail.com
07 February 2013
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