Foreign Company holds 99% Equity holding in a Indian Private Company. The funding is from foreign holding company as Loan later on to be converted into equity. 1) How to treat this loan? 2) What is the RBI circular or FEMA guidelines. 3) Procedure and the returns to filed with RBI. Please clarify
If a Company wants to take Loan outside India, it has to comply with ECB guildelines. It is not easy to take loan from foreign. Kindly refer the same.
Also check, under FDI policy, in what other converted instrumetns FDI is allowed.
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