banner_ad

Transfer of shares

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 July 2012 X Ltd - (Foreign Co) holds 99.99% of shares in PQR Pvt Ltd (Indian co) and 1 share (0.001%) is held by Mr. NRI as Nominee shareholder of X Ltd.
Now i want to transfer this 1 share held by Mr. NRI to other Foreign Company.
please guide me with:
1. whether should i follow transfer of share (s.108) or should i need to follow change of nominee route (S.109A)of Co. Act.
2. Fema Guidelines for transfer of share from Non resident to non resident.
3. also do it involve any transactions for purchase price and how it is valued under FEMA / Companies Act.
4. what are the formalities to comply with under FEMA and Co Act.
please reply me urgently.
thanks
in advance.
Profile Image

Ajay Mishra

Profile Image

Ajay Mishra (Expert)
23 July 2012 Hi


As per my understanding it will be change of nominee and the provision of section 187C will be applicable, instead of transfer of shares.


Other views are also solicited.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details