Loan from nri
This query is : Resolved
27 January 2016
Dear Sir/Mam,
I wants to know that whether a indian company can borrow a loan from a non resident of india or not. please clarify with reasons and source.
Thanks & regards,
Harish
I wants to know that whether a indian company can borrow a loan from a non resident of india or not. please clarify with reasons and source.
Thanks & regards,
Harish
27 January 2016
Yes the company can borrow under ECB guide lines. See master circular of RBI in this regard.
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