Transfer of shareholding in a private company
This query is : Resolved
Pushkar deo
(Querist)
09 December 2016
The director of my company and his spouse hold 80% shareholding (40% each) in a domestic private company. The balance 20% is held by its Singapore counterpart.
Now, the director wishes to transfer 30% to the said Singapore counterpart taking the final Shareholding to 50% by the director and his spouse and 50% by the Singapore counterpart.
What procedures and guidelines should be followed to execute the above transfer?
Please Advise.
Now, the director wishes to transfer 30% to the said Singapore counterpart taking the final Shareholding to 50% by the director and his spouse and 50% by the Singapore counterpart.
What procedures and guidelines should be followed to execute the above transfer?
Please Advise.
Kumud prasad
(Expert)
09 December 2016
Pushkar,
Directors can transfer their shares as per FEMA and RBI Regulations.
Directors can transfer their shares as per FEMA and RBI Regulations.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- TDS on Dashcam rent and allied services
- Import Order Cancelled.
- GSTR-9C filing
- Working on Gold wastage during Melting of old gold jewellery
- Form 144 TDS Return Validation Error – Mandatory Fields
- Applicability of tax on invoice
- Intimation under section 245
- GST ITC as per notification 12/2023- central tax
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
