FEMA regulation

Dinesha shetty (Articled assistant)     29 November 2010

Dinesha shetty
Articled assistant 
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As per FEMA or RBI regulation is there any restriction for borrowing loan from NRI (> USD2,50,000) by a resident individual, company or firm.

Also, need to know the procedure for availing such loan as per regulation.




neeraj (CA)     29 November 2010

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I don't think there is a specified limit under FEMA  (Capital a/c transaction).

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