Loan from foreign co.
This query is : Resolved
11 September 2013
is loan from foreign company who is a shareholder in Indian company is permissible under companies act 1956
kindly reply
kindly reply
11 September 2013
Yes, you can take loan from foreign shareholders. You will comply the FEMA provisions in this regard.
12 September 2013
what are the provision that need to be complied
12 September 2013
Read Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000 and
Foreign Exchange Management (Borrowing and Lending in Foreign Exchange) Regulations, 2000, it will help you.
Foreign Exchange Management (Borrowing and Lending in Foreign Exchange) Regulations, 2000, it will help you.
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