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TaxTMI 
borrowing by overseas branch of an Indian Co. - whether allowed
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....orrowing by overseas branch of an Indian Co. - whether allowed<br> Query (Issue) Started By: - Sanjeev Sharma Dated:- 14-7-2010 Last Reply Date:- 17-7-2010 FEMA<br>Got 2 Replies<br>FEMA<br>Please gui....
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....de me on whether an overseas branch of an indian company borrow funds from either overseas branch of an indian bank or from a foreign bank outside India or from any other person abroad ?? Any approva....
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....ls required >?? Reply By Surender Gupta: The Reply: See rule 3 and other provisions of FOREIGN EXCHANGE MANAGEMENT (BORROWING OR LENDING IN FOREIGN EXCHANGE ) REGULATIONS, 2000 Reply By Anuj Gupta: T....
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....he Reply: No,the overseas branch of an indian company cannot borrow funds from a foreign bank outside India or from any other person abroad . Yes ,it is entitled to borrow from overseas branch of an....
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.... indian bank . Also note that "A branch outside India may borrow, whether by way of loan or overdraft or any other credit facility, from a bank situated outside India, for execution outside India of....
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.... a turnkey project or civil construction contract or in connection with exports on deferred payment terms, provided the terms and conditions stipulated by the authority which has granted the approval ....
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....to the project or contract or export in accordance with the Foreign Exchange Management (Export of goods and services) Regulations, 2000<br> Discussion Forum - Knowledge Sharing ....