Can private limited company take loan from NRI?

No, The NRI can’t give loan to Indian Company either in foreign currency or in rupees.

Can a company borrow from NRI director?

Yes. A director can give loan to the company. There are no restrictions. However the interest rates shoul be in tune with market and should not be high thus giving extra profit to the director at the cost of the company and the shareholders.

Can Indian company take loan from foreign national?

Not only an individual but an Indian company can also borrow from a foreign national or a Non- resident Indian (NRI). However, these borrowings are subject to certain conditions and policies that are regulated by the Ministry of Finance and the Reserve Bank of India.

Can NRI investment in Pvt Ltd company?

Non-Resident Indians (NRI), Foreign Nationals and Persons of Indian Origin (PIO) are allowed to invest only in the shares of a Private Limited Company or Limited Company under the automatic route.

Can resident Indian borrow from NRI?

A resident Indian or a company registered in India can avail loan from an NRI on repatriable or non- repatriable basis. 2. Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000, as amended from time to time.

Can NRI Open Pvt Ltd company in India?

NRIs and Foreign Nationals must always choose to invest or start a Private Limited Company or Limited Company in India. NRIs and Foreign Nationals are not allowed to invest or start a Proprietorship or Partnership or One Person Company in India, while FDI in LLP requires prior approval from the Reserve Bank of India.

Can Indian resident borrow money from NRI?

Resident of India can only borrow money in Indian rupees from NRIs. The conditions under which he/she can borrow are: Borrowing shall be only on a non-repatriation basis. The first way is to debit the NRE/NRO/FCNR account of the NRI and give the loan to the Indian resident.

Can NRI open private limited company in India?

The NRIs and foreign nationals can register a private limited company, public limited company or Limited Liability Partnership (LLP) in India. The private or public limited company allows FDI into India under the automatic route in most sectors.

Can foreign nationals NRI be a director in a private limited company?

There is no restriction on the private limited companies from appointing non-resident Indians as their directors. The requirements or procedural formalities that need to be completed by such NRI who wants to become a director are the same, like the requirements that are to be fulfilled by an Indian resident.

What is the minimum paid up capital of a private company?

With the Companies Amendment Act 2015, there is no minimum requirement of paid-up capital of the Company. That means now Company can be formed with even Rs. 1,000 as paid-up capital.