09 December 2016
The director of my company and his spouse hold 80% shareholding (40% each) in a domestic private company. The balance 20% is held by its Singapore counterpart. Now, the director wishes to transfer 30% to the said Singapore counterpart taking the final Shareholding to 50% by the director and his spouse and 50% by the Singapore counterpart. What procedures and guidelines should be followed to execute the above transfer? Please Advise.
CAclubindia
