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Transfer of shares to foreign company

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(Querist)
13 May 2015 A Private Company ( 5 directors ) wants to transfer its all shares to Foreign Company. (3 directors)

three Common Directors (One Indian and two NRI)

After such transfer private ltd. company will become wholly owned subsidiary of foreign company????

Is there any other compliances apart from Board Resolution & SH-4 with respect to Companies Act, 2013????

Further what are the other compliances related to RBI or any other act?
Please do reply.

Thank you.
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Pratik Shah

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Pratik Shah (Expert)
13 May 2015 As per FEMA Rules, you need to file Form FC-TRS for transfer of shares from resident to non-resident.
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Anjali Pathak

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Anjali Pathak (Querist)
13 May 2015 Thank you so much Sir.. Do any other compliance is required???
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