ECB from share holder

[Anil Kumar]

We want to take loan from NRI share holder .what is the procedure and without RBI approval .

1) Will we take money from NRI share holder before approval of RBI.

AI Summary

NRI Shareholders Can Loan via ECB Route; Ensure Compliance with RBI Regulations for External Commercial Borrowings. A company inquired about the procedure for obtaining a loan from an NRI shareholder without prior RBI approval. The discussion involved three replies. One participant asked if the issue was resolved, while another noted that the initial concern was valid but assumed the query was likely resolved due to the time elapsed. The final response clarified that an NRI shareholder can provide a loan through the External Commercial Borrowing (ECB) route, but RBI compliances for ECB must be followed.