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T&C under FEMA regulations:
๐ The loan should be free of interest and the minimum maturity of the loan should be one year.
๐ The loan amount should be within the overall limit under the Liberalised Remittance Scheme per financial year.
๐ Repayment of loan shall be made by way of inward remittances from outside India or by debit to the #NRO / #NRE / #FCNR(B) account of the borrower or out of the sale proceeds of securities or properties against which such loan was granted.

Find more at โ๏ธ https://fema.ozg.in
Are you violating FEMA due to Ignorance?
To discuss your case, you can schedule your Tele-Appointment with #Ozgians to save your precious time and hard-earned money on #FEMAviolation / RBI penalty and Enforcement Directorate related matters.
Learn more at โ๏ธ https://FEMA.ozg.in
T-Appointment Fee: โน3780
Link โ๏ธ ozglaw.com/appointment
Email โ๏ธ ask@fema.in
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WhatsApp Chat โ๏ธ WA.me/918779696580