Transfer of unlisted shares of subsidiary company to non resident
This query is : Resolved
14 December 2013
sir if indian private company transfers some share of subsidiary company to non resident than what compliances should be followed under fema income tax and company law? and also suggest how to arrive at valuation of such unlisted equity shares? pls rply
15 December 2013
you have to file for intimation of receipt of funds and Form FC-TRS.
In company law the normal annual return would reflect the changes in shareholding.
Kindly refer FEMA Circular No.49, dated May 04, 2010 for pricing guidelines.
In company law the normal annual return would reflect the changes in shareholding.
Kindly refer FEMA Circular No.49, dated May 04, 2010 for pricing guidelines.
16 December 2013
yes agreed with nikhils views.
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