Loans in Rupees to Non-residents

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....authorised dealer in India may grant loan to a non-resident Indian, (A) against the security of shares or other securities held in the name of the borrower, or (B) against the security of immovable property (other than agricultural or plantation property or farm house), held by him in accordance with the Foreign Exchange Management (Acquisition and transfer of immovable property in India) Re....

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....ses, roads or bridges. (c) the Reserve Bank's directives on advances against shares/ securities /immovable property shall be duly complied with; (d) the loan amount shall not be credited to Non-resident External (NRE)/ ^1(***) Foreign Currency Non-resident (FCNR)/Non-resident Non-repatriable (NRNR) account of the borrower; (e) the loan amount shall not be remitted ou....

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....lantation activities or in real estate business or construction of farm houses, or (iv) trading in Transferable Development Rights (TDRs), or (v) investment in capital market including margin trading and derivatives. (b) the Reserve Bank's directives on such advances shall be duly complied with; (c) the loan amount shall not be credited to NRE/FCNR(B) accoun....

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.... subject to directives issued by the Reserve Bank from time to time. (iv) The amount shall be paid directly to the company and should not be credited to the borrowers' non-resident accounts in India. (v) The loan amount would have to be repaid by the borrower by way of inward remittances or by debit to his/her NRO/NRE/FCNR(B) account. (vi) The loans will be incl....