Transfer of share
This query is : Resolved
02 August 2008
Dear Sir
i hv a query regarding share transfer.
plz suggest me ASAP
One indian resident has to transfer his share to one- person having person of Indian Orgin and resident person and 2nd- person having Foreign citizenship and Resident person.
plz guide me regarding FEMA Compliance.
company is PVT Ltd Co.
it`s urgent
Thanks a lot.
i hv a query regarding share transfer.
plz suggest me ASAP
One indian resident has to transfer his share to one- person having person of Indian Orgin and resident person and 2nd- person having Foreign citizenship and Resident person.
plz guide me regarding FEMA Compliance.
company is PVT Ltd Co.
it`s urgent
Thanks a lot.
CA Abhishek Tyagi
(Expert)
03 August 2008
Hi Vikash,
If one resident transfer the shares of the private limited co to a NRI or vice versa then under FEMA u have to file form FCTRS with RBI with in 30 days of such transfer.
If one resident transfer the shares of the private limited co to a NRI or vice versa then under FEMA u have to file form FCTRS with RBI with in 30 days of such transfer.
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