loan taken from shareholder outside india
This query is : Resolved
24 January 2009
we have formed a pvt ltd company in india in which a company outside india is the shareholder now if we want to take loan from that company whether RBI permission is requred before bringing money or we can
inform RBI after funds are brought into india.
inform RBI after funds are brought into india.
25 January 2009
As per RBI foreign investment in companies of india can be made in automatic route and approved route. Depending on the amount your company is getting the route has to be decided. If it is automatic route then you should inform RBI after receipt of money. If is approval route then you have to get fipb approval.
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