disinvestment in foreign sudsidiary


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Querist : Anonymous

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Querist : Anonymous (Querist)
13 June 2011 Company A is an Indian Listed Public Limited Company. Company B is a wholly owned foreign subsidiary of Company A. Now Company A is willing to disinvest in Company B and wants to remove it from the list of subsidiary companies of A. What are the compliances to be done under Companies Act, RBI Act, FEMA etc.? Please advise. It is urgent.

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2011 plz give some suitable reply on the above query. Am waiting.

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