Unsecured Loan in the form of Bills of Exchange
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 May 2011
Hi,
Please let me know if a company can borrow unsecured loan from an outsider individual properietor in the form of BILLS OF EXCHANGE.
Is a bit urgent so please suggest promptly.
Please let me know if a company can borrow unsecured loan from an outsider individual properietor in the form of BILLS OF EXCHANGE.
Is a bit urgent so please suggest promptly.
U S Sharma
(Expert)
17 May 2011
bills of exchange is issued against any invoice for export of goods or services, not for loan.
you can take loan by way of remittence, under compliance of FEMA and RBI guidelines.
you can take loan by way of remittence, under compliance of FEMA and RBI guidelines.
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