Foreign investment in india
This query is : Resolved
Maheswaran.N
(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,
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,
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
Anuj
Femaquery@gmail.com
Maheswaran.N
(Querist)
07 February 2013
Thanks for your reply
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
