banner_ad

Loan from foreign director

Pvt ltd 1232 views 1 replies

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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details