Transfer of shares by indian residents to nri
This query is : Open
13 December 2012
What are the compliances in case of transfer by shareholders holding approx. 92% equity shares of Indian Unlisted Public Company to NRI (Individual or Body Corporate)?
14 December 2012
Ms Deepika
It involves a long and slow moving procedure. Mainly it is called FC TRS. The steps are:
a. Pricing of Book value of shares on projected PL for next five/three years on Cash Discounted Flow Method.
b. CA Certification for Pricing per share
c. Transfer of funds by foreign buyer to seller.
d. Form FC TRS with a bunch of papers to be delivered at the bank branch in which money landed within stipulated period.
e. Follow up the case with Bank to get FC TRS approved.
f. Then share transfer procedure.
contact@vkbajaj.co.in
It involves a long and slow moving procedure. Mainly it is called FC TRS. The steps are:
a. Pricing of Book value of shares on projected PL for next five/three years on Cash Discounted Flow Method.
b. CA Certification for Pricing per share
c. Transfer of funds by foreign buyer to seller.
d. Form FC TRS with a bunch of papers to be delivered at the bank branch in which money landed within stipulated period.
e. Follow up the case with Bank to get FC TRS approved.
f. Then share transfer procedure.
contact@vkbajaj.co.in
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- Annual return in Gst
- When TDS on GST applied
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
