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Formalities when buying shares from non resident to resident

This query is : Resolved 

26 June 2010 Hi,
can any body through some light on the formalities to be fulfilled when equity shares are bought from a non resident?
A private limited company is buying shares from 3 non residents and consideration is paid from India to non residents.
1) who has to sign the declarations?
2) Where to file the documents?
3) time with in which to be filed?

Thanks in advance.
regards
Saida

26 June 2010 Hi,
can any body through some light on the formalities to be fulfilled when equity shares are bought from a non resident?
A private limited company is buying shares from 3 non residents and consideration is paid from India to non residents.
1) who has to sign the declarations?
2) Where to file the documents?
3) time with in which to be filed?
4) valuation procedure etc

Thanks in advance.
regards
Saida

26 June 2010 Hi,
can any body through some light on the formalities to be fulfilled when equity shares are bought from a non resident?
A private limited company is buying shares from 3 non residents and consideration is paid from India to non residents.
1) who has to sign the declarations?
2) Where to file the documents?
3) time with in which to be filed?
4) valuation procedure etc
5) any other formalites if required

Thanks in advance.
regards
Saida


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