loan taken from shareholder outside india

This query is : Resolved

CA Rahul Agrawal (Querist)
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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.

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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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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