Transfer of Shares from resident to Non resident of Pvt Ltd
This query is : Resolved
27 April 2009
Hello All
Please tell me the detailed procedure to transfer the shares of unlisted Private Company from Resident
individuals to Non resident Company.
Thank You all in Advance.
Please tell me the detailed procedure to transfer the shares of unlisted Private Company from Resident
individuals to Non resident Company.
Thank You all in Advance.
27 April 2009
Step 1 : Verify the quantum of amount involved.
Step 2 : Verfy the amount with that of fema regulation whether it falls under automatic route or specific route.
Step 3 : If the amount falls under automatic route then receive money and inform RBI about the receipt of foreign funfds.
Stepp 4 : if the amount is falling under specific route then apply to Foreign investment promotion board for approval.
Step 5 : After approval only you can receive money and on receipt inform RBI.
Step 2 : Verfy the amount with that of fema regulation whether it falls under automatic route or specific route.
Step 3 : If the amount falls under automatic route then receive money and inform RBI about the receipt of foreign funfds.
Stepp 4 : if the amount is falling under specific route then apply to Foreign investment promotion board for approval.
Step 5 : After approval only you can receive money and on receipt inform RBI.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Copyright software
- Regarding TDS Applicability For Director Remuneration
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
