Transfer of shares of a private limited company from residen

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Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2012 Hi all,

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

Ajay Mishra

Ajay Mishra (Expert)
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22 April 2012 Hi

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

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2012 thank you sir

Ajay Mishra

Ajay Mishra (Expert)
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22 April 2012 welcome ..............

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