Loan from nro a/c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 December 2013
Can a private company take loan form one of its directors through his NRO A/c in India? Please quote relevant law..
Thanks in advance!
Thanks in advance!
19 December 2013
I will suggest you to read Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000 and Foreign Exchange Management (Borrowing and Lending in Foreign Exchange) Regulations, 2000, it will help you.
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