Transfer shares from resident foreigner
This query is : Resolved
20 August 2013
company is 1 year old small pvt.ltd.company doing business in tea /snacks etc.
One of its sharehlder,a french white shareholder cum director wants to sell his shares to another french-white-shareholder.
both were resident indians as per fema as they reside in mumbai since 2 years.
my question is- >fctrs form is required to be filed under FEMA or just simple share transfer forms are enough?
regards, ca kunjan shah, www.nsc.in , 9820750784, practising ca., mumbai
One of its sharehlder,a french white shareholder cum director wants to sell his shares to another french-white-shareholder.
both were resident indians as per fema as they reside in mumbai since 2 years.
my question is- >fctrs form is required to be filed under FEMA or just simple share transfer forms are enough?
regards, ca kunjan shah, www.nsc.in , 9820750784, practising ca., mumbai
CA. Anuj Gupta
(Expert)
21 August 2013
I feel that FEMA has no role to play in the situation provided by you.
You may comply with company law procedures only.
Anuj
femaquery@gmail.com
You may comply with company law procedures only.
Anuj
femaquery@gmail.com
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