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.

Rasesh

Rasesh (Expert)
Follow

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

Rasesh

Rasesh (Expert)
Follow

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

K.Govindarajan

Prakash J C

Sharang Sanjay Mangalekar

ATUL MAKWANA

Leena

Subscribe Now

Transfer of shares by share holders in a private ltd co.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

CA Final

Accountant

Manager- Finance and Compliance

Senior Executive

GST CONSULTANT