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.
Thanks,
Dinesha
Dinesha shetty (Articled assistant) (53 Points)
29 November 2010As 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.
Thanks,
Dinesha
neeraj
(CA)
(930 Points)
Replied 29 November 2010
I don't think there is a specified limit under FEMA (Capital a/c transaction).
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