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Shareholding pattern

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 December 2011 dear sir/madam,

my co. is a limited (not listed) co. i have 10 shareholders, one of the shareholder has moved out of country and nw her status has been changed (as NRI status).

1) in above case i want to knw whether she can can continue to be our shareholder as it is???
2) or i need to comply with some provisions,if yes let me knw the provisions???
3) its effect if co. is converted into pvt limited?????

thanks

regards

miss tanveer ahuja.
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CS GURVINDER SINGH

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CS GURVINDER SINGH (Expert)
30 December 2011 Yes, she can continue.
But if she invest further than RBI compliances are neded to be made
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Charu Srivastava

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Charu Srivastava (Expert)
30 December 2011 Yes she can continue to be the Shareholder.
Her status remains as a shareholder even if the company is converted into private company.
As rightly said by Mr. Gurvinder if she further invests then RBI compliances are required.
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