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Transfer of shares of foreign subsidiary co. from res to res

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 August 2015 Dear All,

A Company, registered in India, wants to purchase entire shares of a foreign company, which is subsidiary of an Indian Company. Meaning thereby transfer of shares will be from resident company to resident company.
My question is, what are the requirements of FEMA, which should be complied with?

07 August 2015 https://rbi.org.in/scripts/FAQView.aspx?Id=32

Please check Question 53 of above link.
Thanks


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