FOREIGN EXCHANGE MANAGEMENT (BORROWING AND LENDING IN RUPEES) REGULATIONS, 2000Foreign Exchange Management (Borrowing And Lending In Rupees) Regulations, 2000
FOREIGN EXCHANGE MANAGEMENT (BORROWING AND LENDING IN RUPEES) REGULATIONS, 2000Foreign Exchange Management (Borrowing And Lending In Rupees) Regulations, 2000
Continuance of rupee loan permits repayment to be credited to lender's NRO or NRSR account in India. Where a rupee loan granted by a resident lender to a resident borrower continues after the lender becomes non resident, repayment must be made by credit ... Summary
Continuance of rupee loan permits repayment to be credited to lender's NRO or NRSR account in India.
Where a rupee loan granted by a resident lender to a resident borrower continues after the lender becomes non resident, repayment must be made by credit to the lender's account in India; the lender may elect to receive repayment into either a Non resident Ordinary (NRO) account or a Non resident Special Rupee (NRSR) account maintained with a bank in India.
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