Can Pvt Ltd Co get loan from a NRI & implication of FEMA

manikandan.J (Accounts Manager) (363 Points)

21 January 2009  

1)Can a pvt ltd co get loan from a NRI(not a member but a relative of director/memeber).
2) If can -wat is limit
          -time period
          -can it be interest free loan.
3) wat is implication of FEMA on this & any RBi guidelines to be followed