Borrowing in Indian Rupees by a Person Resident in India

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..... le I . B. Borrowing by persons other than Authorised Dealer i. Eligible resident entities may raise Rupee denominated ECB from outside India in accordance with the provisions contained in Schedule I . ii. Eligible resident entities, as defined by the Government of India, may borrow from overseas Multilateral Financial Institutions/International Development Financial Institutions, where the source .....

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..... time. v. Any person resident in India accepting any deposit from, or making any deposit with, a person resident outside India, including loans/ overdrafts against security of funds held in such accounts, should be in compliance with Foreign Exchange Management (Deposit) Regulations, 2016 , notified vide Notification No. FEMA 5(R)/2016-RB dated April 1, 2016 , as amended from time to time. vi. A pe .....

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