Fema query

shweta joshi- Naik (Employment) (57 Points)

22 May 2012  

Dear Friends,

I have one query regardinf FEMA. If person X from India want to borrow from his friend Y who  is in  Dubai ,Rs 1000000 then in that case whether compalince under FEMA is required and what compalince will be required.

 

Thanks in advance.