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Foreign Exchange Management Act

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(Querist)
20 July 2011 Fact : foreign company having a shares in indian Pvt. Ltd. company. due to some reasons company sale his shares to other foreign company.
Que : Is it necessary to take RBI or any other approval for the above transaction?
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CA. Anuj Gupta

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CA. Anuj Gupta (Expert)
21 July 2011 No need to take RBI approval. I presume Indian Company must be operating in permitted activities.


Anuj
+91-9810106211
femaquery@gmail.com
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Bharati Lahoti-sarda

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Bharati Lahoti-sarda (Querist)
21 July 2011 Thanks a lot!
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