We are planning to accept deposit from the outside countries ( NRIs and foreigners) to India. Since my company is a private limited company we can’t accept deposit smoothly. There are some legal restrictions regarding to the matter. The queries regarding on the issues are list out below.
1. Can an Indian private limited company accept deposit from outside countries? If not possible what are alternative ways to accept? We are flexible to convert the entity of the firm.
2. If there are alternatives, is there any limit for the amount of deposit which is accepting?
3. What all are the document to be prepared when accepting such kind of deposit (NRIs and foreigners)
