FEMA ACT
This query is : Resolved
07 November 2019
Does FEMA act applies on pvt. ltd co. having foreign contribution ...in case of transfer of shares ?
07 November 2019
Reporting requirements are there.
08 November 2019
sir, Indian director of PRIVATE LTD CO. has transfered his shares to another director of same company ...such pvt. co. is doing business of export .
where we have to report and what all documents ?
where we have to report and what all documents ?
08 November 2019
In such a case FEMA reporting not required as no foreign currency involved in transfer of shares.
08 November 2019
THANK U SIR FOR REPLY.
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