https://www.taxtmi.com/circulars?id=2022 Indian companies may grant rupee loans to employees who are Non-Resident Indians or Persons of Indian Origin for personal purposes, including purchase of residential property, provided loans are made under the lender's staff welfare scheme on terms comparable to residents, credited to the borrower's NRO account, not used for specified prohibited purposes, and that repayment is permitted only by remittance from abroad or by debit to the borrower's NRE, NRO or FCNR account. en-us Fri, 10 Oct 2003 00:00:00 +0530 Fri, 03 Oct 2008 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2022 Indian companies may grant rupee loans to employees who are Non-Resident Indians or Persons of Indian Origin for personal purposes, including purchase of residential property, provided loans are made under the lender's staff welfare scheme on terms comparable to residents, credited to the borrower's NRO account, not used for specified prohibited purposes, and that repayment is permitted only by remittance from abroad or by debit to the borrower's NRE, NRO or FCNR account. Circulars FEMA Fri, 10 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2022