Transfer of Shares to NRI
This query is : Resolved
SHALINI JAIN
(Querist)
04 July 2008
Can a shareholder (Individual)tranfer his shares comprising 50% of the paid up share Capital of the Indian Company to a NRI.
Amit Bajaj
(Expert)
04 July 2008
Yes, he can, however need evaluate what kind of sector or industry company is and RBI restricitons.
CS Vivek Hegde
(Expert)
10 December 2008
Shalini
Yes he can... if it in automatic route or the approval of FIPB is taken up to that limit.
Again he has to follow the procedure prescribed under FEMA(Form is FCTRS)
RGDS
Vivek
Yes he can... if it in automatic route or the approval of FIPB is taken up to that limit.
Again he has to follow the procedure prescribed under FEMA(Form is FCTRS)
RGDS
Vivek
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