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Acceptance of Loan By a Pvt Ltd Company from foreign citizen who is a Director as wel as Shareholder

Others 865 views 2 replies

How can Indian Private Ltd company accept loan from a director who is foreign citizen as well as shareholder (holding 1/3rd)?

How can Indian Private Ltd company accept loan from a company/Firm incorporated outside India in which the above mentioned director is the major shareholder?

Whether it's possible?

Compliance as per FEMA, Companies Act & Other Compliance?

Replies (2)

Yes the company borrow the loan from Director though he is NRI/ Foreign national via following the ECB Guidelines..

 

You can have a view at www,corporatedrafting.com to know the whole procedure and to download any documents or drafts thereon

Yeah sure you can please


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