TaxTMI 
TaxTMI 
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.
ECB from share holder
26 Sep 2015 
3 Replies 
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External commercial borrowings require central bank compliance when sourced from NRI shareholders, shaping loan acceptance procedures.
An NRI shareholder may provide a loan to the company only under the External Commercial Borrowing (ECB) route, and acceptance of such funds is subject to the ECB compliance framework and corresponding central bank regulatory compliances that must be observed. (AI Summary)
An NRI shareholder may provide a loan to the company only under the External Commercial Borrowing (ECB) route, and acceptance of such funds is subject to the ECB compliance framework and corresponding central bank regulatory compliances that must be observed. (AI Summary)