Transfer of shares by non resident indian to a resident
This query is : Resolved
23 February 2010
Can a non resident Indian transfer his shares held by him in a indian company to a resident by way of gift??
M Prabhakar Menon
(Expert)
23 February 2010
Yes
Ankur Garg
(Expert)
23 February 2010
By virtue of the master circular issued by RBI the same is possible.
You have to read master circular.
You have to read master circular.
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