Transfer of Shares from resident to Non resident of Pvt Ltd
This query is : Resolved
charmi nagda
(Querist)
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.
CA. B.SRINIVASULU
(Expert)
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.
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