FOREIGN COMPANY GIVING LOAN

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 May 2011 DEAR SIR,

PLEASE LET ME KNOW
1.WHAT ARE LIMITATION IN BRINGING FOREIGN COMPANY LOAN TO INDIA.

2. AT A TIME HOW MUCH MONEY CAN BE TRANSFERED FROM FOREIGN COMPANY TO OUR BANK CURRENT A/C. AS A LOAN BASIS WHICH IS REFUNDED LATER WITH INTEREST.

3.IS THEIR ANY FORMALITIES INVOLVED ABOUT RBI PERMISSION FOR FUNDS TRANSFER AS LOAN FROM FOREIGN COMPANY.

WAITING FOR EARLY REPLY.

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
Follow

16 May 2011 There are separate guidelines for obtaining foreign currency loan and the same are called External Commercial Borrowings.These are intensive guidelines providing for amount of loan that can be obtained, rate of interest and other things.

Anuj
0-9810106211