Loan from directors
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 December 2012
Please let me know the Procedure for getting Loan from foreign Director to a Public Limited Company ? According to me the Loan from Directors for a public limited company does not fall under deposits !
Thanks,
Thanks,
04 January 2013
Please refer to FEMA act under which company has to obtain permission from R.B.I. for such deposit.
Please refer to FEMA act under which company has to obtain permission from R.B.I. for such deposit.
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