Transfer of shares
This query is : Open
GAUTAM KHURANA
(Querist)
23 January 2015
An indian company has 3 directors, 2 foreign directors and 1 Indian director. Now the indian director who holds 18% of equity shares wants to transfer his shares to one of the foreign director. What is the procedure for the same under CA,2013? Is such transfer as per the provisions of CA, 2013? Plz help. .
Chetan Patankar
(Expert)
31 January 2015
There is no restrictions in CA 13 for such transfer. However, FEMA provisions are applicable
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