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Can Pvt Co accept loan/deposits from NRI Director

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 February 2011 Can we appoint NRI(POI) as a director of Pvt Ltd co? And Accept loans/deposits from this NRI Director? Is there any complaince of RBI or restrictions for the same?
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Jayashree S Iyer

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Jayashree S Iyer (Expert)
10 February 2011 NRI(POI) can be appointed a director of a private limited company and the company can also accept loan from him.

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