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Loan from NRI to OCI card holder

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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

Replies (1)

ECB to Indian company / LLP (most compliant)

  • Form Indian entity

  • Borrow under ECB route

  • File ECB-2 returns

  • Follow RBI conditions strictly

✔ Fully compliant
❌ More paperwork


CCI Pro

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