Loan from foreign Company
This query is : Resolved
C.A.Suresh Gupta
(Querist)
05 June 2009
Whether a Branch of foreign Company can take a loan from its Head office to run the operation or for infrastructure.
if yes what rules and regulation will be applicable i.e pre approval from RBI/ FEMA or any other authority.
please suggest.
if yes what rules and regulation will be applicable i.e pre approval from RBI/ FEMA or any other authority.
please suggest.
05 August 2011
Dear Sir,
Branch is run of the funds from the head office being foreing company only so in my opinion there is no question of taking loan from foreign company.
to run operation or to purchase immovable property both are allowed for branch.
Please be free to write further relating to FEMA queries.
Many thanks and best regards,
CA. Sudha G. Bhushan
sudhag999@gmail.com
Branch is run of the funds from the head office being foreing company only so in my opinion there is no question of taking loan from foreign company.
to run operation or to purchase immovable property both are allowed for branch.
Please be free to write further relating to FEMA queries.
Many thanks and best regards,
CA. Sudha G. Bhushan
sudhag999@gmail.com
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
