How can Indian Private Ltd company accept loan from a director who is foreign citizen as well as shareholder (holding 1/3rd)?
How can Indian Private Ltd company accept loan from a company/Firm incorporated outside India in which the above mentioned director is the major shareholder?
Whether it's possible?
Compliance as per FEMA, Companies Act & Other Compliance?
Yes the company borrow the loan from Director though he is NRI/ Foreign national via following the ECB Guidelines..
You can have a view at www,corporatedrafting.com to know the whole procedure and to download any documents or drafts thereon
Yeah sure you can please
SSGS and Associates
Chennai
CA Inter
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Shyam Joshi & Associates
Pune
B.Com
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CAclubindia
