Loan from foreign director

KInd Attention: Dear Ankur Garg Ji

My client is a private limited company dealing in software development for overseas market.

They are planning to introduce a foreign director who will in turn invest in the company. As I already know that Unsecured Loan from Director is not covered under Deposit Rules 1975 but considering that the Director is a foreign national, what other statutory requirements needs to be fufilled in this regard.

 

Replies (1)

FEMA doesn't allow foreign loan for working capital purposes and unless the foreigner holds 25% or more shareholding.

 

Anuj

femaquery @ gmail.com

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details