Easy Office

Interest free unsecured loan by foreign Co. to Indian Co. as shareholders in both cos. are relatives

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 March 2023 Can a foreign company give an interest-free unsecured loan to an Indian company where the owners (shareholders) in the foreign company are relatives of owners (Shareholders) of the Indian company?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
16 March 2023 Yes, in the form of ECB where no minimum interest is specified.
Profile Image

Suraj Mishra PECPL

Profile Image

Suraj Mishra PECPL (Querist)
16 March 2023 Can't this be treated as Loans From Friends And Family



Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
16 March 2023 No, as this is a loan to the company.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links