Eligible Borrowers and Recognised Lenders, Including Foreign Parents, NRIs and Directors
Who may borrow under Schedule I, who may lend, and how to test and paper both before the AD bank asks, with the unresolved question of loans from non-resident individuals, including the client's own directors.
- 5 pages
- 66
- Word and PDF
- 16 September 2026
The 3 formats inside
- 1Lender eligibility confirmation letterSchedule I para 2 · B&L Regulations 2018On its own₹149
- 2Letter to the AD bank, lender KYC and eligibility confirmationSchedule I · KYC DirectionsOn its own₹149
- 3Declaration by a director lending to the companyRule 2(1)(c)(viii), Deposit Rules 2014 · Schedule I para 2 and 15(2)On its own₹149
Read the opening
The first part of “Lender eligibility confirmation letter”, as it downloads. Blanks are highlighted.
On the letterhead of the lender (for an individual lender, signed by the individual)
Date: [Date of letter]
To,
[Name of the Indian borrower]
[Registered office address]