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Loan from foreign co.

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(Querist)
11 September 2013 is loan from foreign company who is a shareholder in Indian company is permissible under companies act 1956

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Ajay Mishra

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Ajay Mishra (Expert)
11 September 2013 Yes, you can take loan from foreign shareholders. You will comply the FEMA provisions in this regard.
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Johnson Anthonidas

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Johnson Anthonidas (Querist)
12 September 2013 what are the provision that need to be complied
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Ajay Mishra

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Ajay Mishra (Expert)
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.
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