SANTOSH SHAH
(Company Secretary)
(754 Points)
Replied 25 April 2011
| Originally posted by : Rahul Rai | ||
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Dear All, We are Pvt Ltd comapny can we receive foreign fund as a loan or consultancy fee? Do we need special permission from any Govt agency? Please advice us. Thanks in advance. |
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Hi Rahul
I think RBI approval is required in case of foreign fund or loan from foreign individual or entity.
Experts your views solicited
regards
Santosh Shah
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7014 Points)
Replied 26 April 2011
| Originally posted by : Rahul Rai | ||
|
Dear All, We are Pvt Ltd comapny can we receive foreign fund as a loan or consultancy fee? Do we need special permission from any Govt agency? Please advice us. Thanks in advance. |
|
Yes you can reecive foreign funds as consultancy fee but not as loan.
For loans there are seprate guidelines which are called "External Commercial Borrowing "guidelines which you need to adhere before receiving the funds.
Anuj
0-9810106211
rvsekar2000
(212 Points)
Replied 26 April 2011
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