Loan by nri to indian llp under fema


(Querist)
02 September 2019
Hi,
One of my client wants to avail a loan from their NRI friend of 2 MN dollars. The client wants to borrow money for his LLP. So I wanted to know is this loan under automatic route or prior approval of RBI is required under FEMA. Someone dealing in such matters if possible kindly help.
Thanks



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