Company law
Querist : Anonymous
A foreign Company would like to acquire more than 51% (ie. 95%) of Shares in a Pvt ltd Company.
1) Is it possible?
2) What is the procedure to transfer the shares, if they want to pay foreign currency?
4) Is there any procedure with RBI, ROC, etc?
3) is IE code compulsory?
I will suggest you to read master circular on FDI issued by RBI on July 1, 2013, it has given details on it.
https://www.rbi.org.in/scripts/BS_ViewMasCirculardetails.aspx?id=8104
Querist : Anonymous
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