Dear Folks,
Could you please help me to get out the rules/regulation/procedures of FEMA for making loan to a foreign company by an indian company without having any relationship of subsidiary/JV etc.
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Loan to foreign company by an Indian company
Replies (2)
Indian Resident may lend out of EEFC A/c (Exchange Earners’ Foreign Currency A/c) for trade related purposes to overseas importer customer. In case such lending is more than USD 100,000 the same should be supported by guarantee from a bank of international repute situated outside India in favor of Indian lender.
Can a company in India provide a loan to a inter company in foreign territory and the director of the company for both the companies are one.
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