Transfer of shares by non-resident to non-resident
This query is : Resolved
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?
22 October 2011
Not with RBI. Pl confirm for other authorities like ROC etc.
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
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