renewal and payment of ECB loan, FEMA

[Umesh M V]

Kindly guide for renewal and repayment of ECB loan. If the company lending the loan has been taken over by some other company, is it necessary to intimate RBI.

Posts / Replies

[Rama Krishana]

Though, i did not find any provision specific to your query, but in my view, you may intimate the RBI since it is an exceptional circumstances - Al see: Master Circular - http://www.taxmanagementindia.com/Site-Map/FEMA/detail_circular.asp?ID=8143