Foreign Exchange Management Act
This query is : Resolved
Bharati Lahoti-sarda
(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?
Que : Is it necessary to take RBI or any other approval for the above transaction?
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
Anuj
+91-9810106211
femaquery@gmail.com
Bharati Lahoti-sarda
(Querist)
21 July 2011
Thanks a lot!
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