NRI
This query is : Resolved
15 February 2010
1) Can private limited company take a loan from their NRI Directors , further company are active in the field of construction business(construction of residendial house)
2) Can NRI director of private limited company give a laon to the company on repartriation basis
2) Can NRI director of private limited company give a laon to the company on repartriation basis
17 February 2010
There is no restriction on obtaining loans from NRI directors in a private limited company.
Equity participation / FDI would be subject to the following: Press Note No. 2 (2005 series) (“Press Note 2 of 2005â€) of the Department of Industrial Policy.
Equity participation / FDI would be subject to the following: Press Note No. 2 (2005 series) (“Press Note 2 of 2005â€) of the Department of Industrial Policy.
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