banner_ad

Loan to pvt co. from nri shareholder

Others 2879 views 4 replies

Dear Team,

I am working in a PVT ltd. company. we have 4 shareholders - 3 NRIs and 1 Resident.  Its a 100% equity based company.   This year one of our NRI shareholder wants to give working capital loan to the company. Please confirm e on the following:

1. If it is possible.

2. Does it come under ECB (external commercial borrowings)?

3. what are the guidelines that we have to follow?

4. If he can lend then what should be interest that the company can pay him.

Thanks and regards,

Bhargavi.

Replies (4)

Yes, the NRI Can give the loan to the company in form of unsecured loan. Donot classify that what loan he is giving i.e. working capital loan or otherwise.

2. Yes, the loan given by him come under ECB

3. For which RBI Compliances in respect of ECB will have to follow.

4. Company can pay any interest provided that sshould be reasonable.

Dear Mohit,

Thanks a lot for your reply. so we should follow the ECB guidelines. I will go through the circular. Just quick question - Is it mandatory to have the UNI?

Thanks and regards,

Bhargavi.

Dear Mohit, 

Please read  the ECB Policy which till very recently provided that ECB is not permitted for working capital.Now recently RBI has permitted ECB for working capital , provided ceratin conditions including the time period of 7 years are adhered to.

 

Anuj

femaquery @ gmail.com

Dear Anuj,

Under what category of recognised lender will the shareholder come in?

Thanks

Ashok


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details