NRI investment in pvt ltd/ Partnership firm

mayankpatel802002 (CA Practice ) (28 Points)

20 May 2011  

Dear professional Colleague

My question is whether NRI director( Nationality: indian) who brings money by way of  director contribution (50%) and by way of loan to company- is it allowable to repatriate loan ammount which he had given previously to pvt ltd. 

if possible by what means? pl suggest