Transfer of shares by non-resident to non-resident
This query is : Resolved
CA Vikram S. Mathur
(Querist)
21 October 2011
My query is very specifically that in case where there is a transfer of shares of an Indian company from one non-resident to another non-resident, whether the indian company whose shares ars being transferred is supposed to follow any procedure / fill any form before allowing the transfer?
Vishal D Shah
(Expert)
22 October 2011
Not with RBI. Pl confirm for other authorities like ROC etc.
CA. Anuj Gupta
(Expert)
23 October 2011
For Company only Co.Law procedures are to be followed.
For Income Tax purpose Non resident purchasing the shares shall need to deduct TDS u/s 195 on the amount of capital gains.
Anuj
+91-9810106211
femaquery@gmail.com
For Income Tax purpose Non resident purchasing the shares shall need to deduct TDS u/s 195 on the amount of capital gains.
Anuj
+91-9810106211
femaquery@gmail.com
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
