Hello,
I seek your guidance on the following matter:
A German citizen of Indian origin borrows money from an NRI based in the UAE for business purposes in India. The funds are transferred through proper banking channels. In the loan agreement, what aspects should be considered, particularly with respect to FEMA and ECB regulations?
Thank you
Form Indian entity
Borrow under ECB route
File ECB-2 returns
Follow RBI conditions strictly
✔ Fully compliant
❌ More paperwork
ADY & CO.
New Delhi
Graduate (Any)
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Krea University
Chennai
CA
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Shyam S Gupta and Company
New Delhi
CA Inter
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CCI
Pro
CAclubindia
