Loan
This query is : Resolved
DIMPU VALLABH MARU
(Querist)
12 January 2011
How much loan can be taken by Resident from Non Resident in Foreign Exchange as per RBI's Latest Criteria, kindly explain the limit
CA. Anuj Gupta
(Expert)
13 January 2011
no loan can be taken from a Non resident in foreign currency. Only ECB is allowed for the same but there are specific guidelines for he same.
DIMPU VALLABH MARU
(Querist)
15 January 2011
which guidelines shall i refer to??
CA. Anuj Gupta
(Expert)
16 January 2011
External Commercial Borrowings and Trade Credits availed of by residents are governed by clause (d) of sub-section 3 of section 6 of the Foreign Exchange Management Act, 1999 read with Notification No. FEMA 3/ 2000-RB viz. Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, dated May 3, 2000, as amended from time to time.
Message likes :
1 times
DIMPU VALLABH MARU
(Querist)
17 January 2011
Thank you for the reply, it will hep me alot
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
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Movement of goods by packers and movers - type of sale - Reg.
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Missed uploading GST Invoice
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- RCM and same line
- Gratuity paid to legal heir above 20 lakh is taxable or not
- 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
