Loan form Foreign Holding Co.

Dear Mani,

In so far the FEMA is concerned you have to follow the guildlines as there in the ECB.Only by way of ECB your company can raise loan from the Foreign Company.

Regards,

DEAR SIR,

MY IS PROPRIETORSHIP COMPANY. WE ARE DOING TRADING .

AS IT IS SAID THAT FOREIGN BANK OFFER LOAN AT LOW INTEREST RATE THAN INDIAN BANKS.

CAN AN INDIAN PROPRIETORSHIP COMPANY  TAKE LOAN FROM FOREIGN BANK.

IF YES WHAT IS THE PROCEDURE. WHICH IS THE AGENCY TO BE CONTACTED.

WAITINGT YOUR REPLY.

THANKS

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