Hello all !
Please advice , whether there is any restriction on a private company (X ltd )( whose 99% shares are in the hands of its promoter and foreign company) to issue shares to its foreign and promoter company (Y ltd) at a price more than the Face Value. or any limit when it can issue ????
Also, please provide me the pricing guidelines in case of unlisted/private companies, if any have.
To sum up, i need a checklist( EXCEPT INWARD REMITTANCE REPORTING & FC-GPR ) on the points to be considered while issuing shares to a foreign company and a promoter foreign company.
Regards
neeta
CAclubindia
