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    Can company waive off Interest o ECB ?

    Posted By : damini / Published on : 05-Feb-2020 06:43 AM / View : 827 / Comment : 0

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    Dear all

    the private limited Company has borrow loan from its foreign Holding Company as ECB.

    Later, the Indian subsidiary company has provided interest on ECB but not paid to foreign Holding Company.

    Now Indian subsidiary company wants to waive off all amount of Interest which accrued but not paid with the consent of foreign holding company.

    Can indian company do so ? if yes what compliance are required to be done in RBI or FEMA.

    Read more on : interest waive company

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