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NRI

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(Querist)
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
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Rasesh

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Rasesh (Expert)
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 2005”) of the Department of Industrial Policy.
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