Loan from foreign country
This query is : Resolved
shailendra
(Querist)
12 June 2013
Dear Sir/Madam,
some of my friends in USA want to give money on loan to industry/new project in India. Is it possible? or any FEMA/FERA rules for that. what will be min/max money they can give to indian person.
plz advise.
shukla
some of my friends in USA want to give money on loan to industry/new project in India. Is it possible? or any FEMA/FERA rules for that. what will be min/max money they can give to indian person.
plz advise.
shukla
RAMESH KUMAR VERMA
(Expert)
15 June 2013
must read following links :
https://rbi.org.in/Scripts/BS_FemaNotifications.aspx?Id=157
https://www.iibf.org.in/documents/non-resident-ordy-rupee_nro_account.pdf
https://www.eximguru.com/exim/reserve-bank/foreign-exchange-control-manual/chapter-13-rupee-accounts-of-non-residents-other-than-banks.aspx
https://rbi.org.in/Scripts/BS_FemaNotifications.aspx?Id=157
https://www.iibf.org.in/documents/non-resident-ordy-rupee_nro_account.pdf
https://www.eximguru.com/exim/reserve-bank/foreign-exchange-control-manual/chapter-13-rupee-accounts-of-non-residents-other-than-banks.aspx
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