Loan to pvt co. from nri shareholder

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