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Funds from Foreing Company

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....unds from Foreing Company<br> Query (Issue) Started By: - Pradeep Kaushik Dated:- 23-9-2011 Last Reply Date:- 27-9-2011 FEMA<br>Got 1 Reply<br>FEMA<br>Respected Sir, we are a 100% subsidery of a Kore....

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....an Company. We are Registered with ROC in India. We are planning for Borrowing funds on interest from our parent company in Korea. The end use of the funds will be to meet our our regular operating e....

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....xpenses. Please suggest us, if any, procedure/ approvals, we have to fulfil for that Borrowings. You are requested to clear all aspects related to RBI, Legal and Taxation. Best Regards. Pradeep K....

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....aushik Reply By sunil jain: The Reply: Though the parent company is eligible lender but the ECB facility is not available for working capital requirements. This is to the best of my knowledge of the....

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.... subject. Thanks CA Sunil Jain 9810140664<br> Discussion Forum - Knowledge Sharing ....