company affair: transfer of shares

can any body tell me that if in indian subsidiary A ltd, B ltd (foreign co) holds 35% shares wants to transfer such shares to C ltd (foreign co). what is the procedure and forms to be filled ralating to company affairs?

Replies (1)
Originally posted by :Charudatta Kulkarni
" No problem under Companies act . Check FEMA (TIS) regulations whether the holder is an OCB (erstwhile). OCBs can transfer only to OCB or NRI. "


 

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