FEMA PROVISIONS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2011
Can a NRI advance loan to partnership firm in India in which he is a partner? Is capital introduction by a NRI partner is repatriable?
03 June 2011
No, the partner cannot do so .
Also for repatriating the capital PRIOR approval from RBI is needed.
Anuj
0-9810106211
Also for repatriating the capital PRIOR approval from RBI is needed.
Anuj
0-9810106211
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