Q. Funds borrowed in India by NRI and taking Abroad

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Question added Jul 26, 2023 RBI / FEMA By Girish Mangla, CA, Faridabad
Dear Professionals please advise me on the following transaction:

An NRI resident of USA taking unsecured loan from his relative in India against his property located in India and want to bring back to USA.

Please advise me on legal compliances to be taken care of.

Concept by CA Pramod Jain

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