Shareholding pattern

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 December 2011 dear sir/madam,

my co. is a limited (not listed) co. i have 10 shareholders, one of the shareholder has moved out of country and nw her status has been changed (as NRI status).

1) in above case i want to knw whether she can can continue to be our shareholder as it is???
2) or i need to comply with some provisions,if yes let me knw the provisions???
3) its effect if co. is converted into pvt limited?????

thanks

regards

miss tanveer ahuja.

CS GURVINDER SINGH

CS GURVINDER SINGH (Expert)
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30 December 2011 Yes, she can continue.
But if she invest further than RBI compliances are neded to be made

Message likes : 1 times

Charu Srivastava

Charu Srivastava (Expert)
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30 December 2011 Yes she can continue to be the Shareholder.
Her status remains as a shareholder even if the company is converted into private company.
As rightly said by Mr. Gurvinder if she further invests then RBI compliances are required.