Purchase of shares from foreign directors by indian resident
This query is : Resolved
17 June 2013
Dear Experts
We have Indian Company of Which TWO foreign Dire and One Indian Director.All shares are held by the Foreign Directors.
Now we want to the purchase the ALL Shares of the of Both Foreign Director.
We = Individual (Not share holders of the Company)
Please Guide the Procedure in that regards.
AND the TDS applicable to that.
Purchase of Shares From Foreign Directors by Indian resident
We have Indian Company of Which TWO foreign Dire and One Indian Director.All shares are held by the Foreign Directors.
Now we want to the purchase the ALL Shares of the of Both Foreign Director.
We = Individual (Not share holders of the Company)
Please Guide the Procedure in that regards.
AND the TDS applicable to that.
Purchase of Shares From Foreign Directors by Indian resident
18 June 2013
r/sir
you can take tfr deed with foreight director. and also confirm that when share was issue to foreign directors
then his shares are not with ADR or GDR.
then co. call shares from ADR or GDR.
and also fema should
you can take tfr deed with foreight director. and also confirm that when share was issue to foreign directors
then his shares are not with ADR or GDR.
then co. call shares from ADR or GDR.
and also fema should
18 June 2013
Dear its not ADR/GDR
Please guide whether the TDS does applicable opn it or not?
Please guide whether the TDS does applicable opn it or not?
21 June 2013
Dear Alpesh,
Register the Share Transfer with the help of Share Transfer Form and also get the approval of the BoD.
The following docs are required
1. Form FC-TRS.
2. CA Valuation Certificate for shares.
3. Consent of Buyer.
4. Consent of seller.
What is the price of the share? Diff between the face value and Transfer value?. Need some details to guide the tds applicability.
Register the Share Transfer with the help of Share Transfer Form and also get the approval of the BoD.
The following docs are required
1. Form FC-TRS.
2. CA Valuation Certificate for shares.
3. Consent of Buyer.
4. Consent of seller.
What is the price of the share? Diff between the face value and Transfer value?. Need some details to guide the tds applicability.
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