allotment of shares to overseas citizen of India

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 February 2011 sir,

what are the procedures for transferring or allotting shares from private limited company to overseas citizen of India?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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05 February 2011 The accounts of the three sub-sectors under this sector are prepared independently on the basis of their balance sheets. The balance sheet data pertain to March 31 for RBI, June 30 for cooperative banks and credit societies, and last reporting Friday of March for commercial banks. The choice of last reporting Friday as against March 31 for commercial banks is preferred to avoid the year-end bulge in a number of items of assets and liabilities. The procedure of the compilation of the accounts as well as estimation of sectoral particulars in respect of different instruments.

for more info:- http://www.rbi.org.in/scripts/PublicationsView.aspx?id=9472

http://www.sebi.gov.in/

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