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
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