We have a private limited company. We want to take loan from a foreigner. Pls. explain can we do so under FEMA assuming that person is a shareholder in the company. Is there any time limit for repayment?
Menu
Loan from foreigner
Replies (1)
Loan from shareholders will be treated as 'deposit' and you will have to follow procedure laid down in Sec.73(2) of Companies Act 2013 besides following FEMA regulations.
Recent Topics :
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
- Scanned purchase bills to Tally XML with GST check
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
Related Topics :
CAclubindia
