Transfer of shares from non resident to resident
This query is : Resolved
P.C. Joshi
(Querist)
01 September 2012
ear Friends,
The promoters of a Pvt. Ltd. Company transferred their 98% stake to a Non Resident Indian last year. Now the promoters wants to purchase those shares back and the said NRI is ready to sell the shares to them.
Is there any permission of RBI or Govt. is required for above the items are 100% automatic route.
Can any0ne please E mail the checklist for this item.
The promoters of a Pvt. Ltd. Company transferred their 98% stake to a Non Resident Indian last year. Now the promoters wants to purchase those shares back and the said NRI is ready to sell the shares to them.
Is there any permission of RBI or Govt. is required for above the items are 100% automatic route.
Can any0ne please E mail the checklist for this item.
Ajay Mishra
(Expert)
01 September 2012
Hi
Page No.20, 92 and 96 of FDI Policy issued by DIPP will help you.
Go to the following link:
https://dipp.nic.in/English/Policies/FDI_Circular_01_2012.pdf
Page No.20, 92 and 96 of FDI Policy issued by DIPP will help you.
Go to the following link:
https://dipp.nic.in/English/Policies/FDI_Circular_01_2012.pdf
P.C. Joshi
(Querist)
01 September 2012
Thanks a lot.
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