Foreign investment in existing pvt company
This query is : Resolved
16 January 2019
What are the procedures for the Foreign Investment in Existing private Limited Company In India .?
A foreign company plans to buy 100 Percentage shares of an existing private limited company. What are the compliance to be followed.
A foreign company plans to buy 100 Percentage shares of an existing private limited company. What are the compliance to be followed.
Nikhil Kaushik
(Expert)
16 January 2019
refer to RBI circular on Foreign Direct Investment. You need to report the foreign inward remittance for the money's received from purchase of shares and subsequently submit FC-TRS once the shares are transferred. This involves various sub components such as valuation of shares, KYC of the purchaser etc. Follow the Stamp duty act for payment of stamp duty applicable for share transfer and Companies act for the necessary board approvals etc
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