Transfer of shares of foreign subsidiary co. from res to res
This query is : Resolved
Querist : Anonymous
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?
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
Please check Question 53 of above link.
Thanks
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