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
Subrahmanyam & Sivudu CA Firm
Hyderabad
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Naveen Fintech Pvt Ltd
Kolkata
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