a foreign company holding 90% of shares in an indian company. what would be the procedure if foreign company merging with another foreign company and after merger to transfer the shares held in indian company
Menu
corporate Law
Replies (2)
In Indian Company register of members there will be nothing in the members register for the transmission of shares.
Like register of transfer u may maintain register of transmission of shares which means transfer due to operation of law.
Simply Amalgamated company will produce a document of amalgamation and a request letter for transmission of shars on the basis of that transmission will be done and noting will take place on register of members.
Regards;
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
