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Transfer of shares by non-resident to non-resident

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(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?
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Vishal D Shah

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Vishal D Shah (Expert)
22 October 2011 Not with RBI. Pl confirm for other authorities like ROC etc.
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CA. Anuj Gupta

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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
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