Share Transfers
This query is : Resolved
Guest
Guest
(Querist)
30 September 2009
Dear Friends,
A from India transfers his shares in Private Limited Company to ABC which is a Foreign Company. They have executed a transfer deed on 1.1.2009. They have filed form FC-TRS on 10.1.2009.
What shall be the Board's Approval date to this share transfer? Can Board approve this before filing of FC-TRS? Or the Board must verify whether this Form has been filed or not?
Regards,
A from India transfers his shares in Private Limited Company to ABC which is a Foreign Company. They have executed a transfer deed on 1.1.2009. They have filed form FC-TRS on 10.1.2009.
What shall be the Board's Approval date to this share transfer? Can Board approve this before filing of FC-TRS? Or the Board must verify whether this Form has been filed or not?
Regards,
01 October 2009
Initially the board should vet the tranfer deed after 1-1-2009 and 10-1-2009 and confirm the particulars in FC_TRS and trasfer should be made after 10-1-2009 after obtaining a copy of FC-TRS.
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