Pl. let us know to what extent Indian Construction company (category SME) can have external commercial borrowings? I sRBI permission is required? what are restrictions on repayment of of loan & interest? Thanks Mukund M Honkan
ECB by Construction company
Mukund Honkan
External commercial borrowings: follow RBI ECB guidelines for permissions and repayment/interest restrictions; professional assistance available. Query asks the permissible extent of external commercial borrowings for an Indian construction company (SME), whether RBI permission is required, and what repayment and interest restrictions apply. The reply directs the enquirer to consult the RBI ECB guidelines for permissions and repayment/interest conditions and offers professional assistance via the respondent's contact. (AI Summary)
TaxTMI
TaxTMI