Transfer of shares by share holders in a private ltd co.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 July 2010
Kinldy let me know the procedure to transfer the shares held by two persons(only two members are there in the company) to other two members who are foreigners?
Can they transfer the shares of a private ltd co. to outsiders?
Kinldy clarify.
Can they transfer the shares of a private ltd co. to outsiders?
Kinldy clarify.
22 July 2010
If direct investment in that sector of industry is permitted by FIPB, then yes, the entire capital can be held by foreign persons.
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 July 2010
Thanks for ur reply.
Can the two foreigners act act as the directors of the indian company?
thanks & regards
Can the two foreigners act act as the directors of the indian company?
thanks & regards
23 July 2010
Yes. There is no restriction on their being the directors of the private limtied company.
conducting board meetings can be an issue if they are not in India. So alternate directors may be required to be appointed.
conducting board meetings can be an issue if they are not in India. So alternate directors may be required to be appointed.
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