Transfer of shares of a private limited company from residen
Querist : Anonymous
A member of newly incorporated private limited company, engaged in software service, wants to transfer his total shareholding (50% of paid-up share capital) to a Non Resident Indian.
Pls. explain procedure to transfer the shares?
is this transfer valid and what are the formalities? Pls. help
I will suggest you to read the Master Circular issued by RBI on Foreign Direct investment in India (FDI) to chech the sectoral cap and details of transfer.
For more details go to the following link:
https://dipp.nic.in/English/Policies/FDI_Circular_01_2012.pdf
Regards
Querist : Anonymous
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