https://www.taxtmi.com/acts?id=33734 Lending to borrowers outside India by persons resident in India is permitted through External Commercial Lending in specified foreign-exchange transactions. Authorised dealers and eligible entities may lend to foreign entities in which overseas direct investment has been made, while foreign branches of Indian banks may lend in the normal course of banking business. EEFC-account funds may be lent for trade-related purposes to overseas importer customers subject to stipulated conditions. Indian companies may also lend to employees of overseas branches for personal purposes under applicable staff welfare schemes or loan rules. en-us Sat, 22 Dec 2018 13:36:52 +0530 Tue, 08 Sep 2026 13:04:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33734 Lending to borrowers outside India by persons resident in India is permitted through External Commercial Lending in specified foreign-exchange transactions. Authorised dealers and eligible entities may lend to foreign entities in which overseas direct investment has been made, while foreign branches of Indian banks may lend in the normal course of banking business. EEFC-account funds may be lent for trade-related purposes to overseas importer customers subject to stipulated conditions. Indian companies may also lend to employees of overseas branches for personal purposes under applicable staff welfare schemes or loan rules. Act-Rules FEMA Sat, 22 Dec 2018 13:36:52 +0530 https://www.taxtmi.com/acts?id=33734