Non Resident Share Holders & Directors

Dear Sadhana,

1.) You have to check the FDI limit prescribed in FEM Transfer and Issue of Securities by person resident outside India Regulation for transfering Shares and other necessary reporting to RBI (FC-GPR).

2.) With regards to Director, I think there are no restriction other than the NRI's (Director) eligibility to hold Share of that come covered under 1 above.

Regards

In addition to what Mr.Juzer has advised, take care to comply with provisions of articles of association, which will contain restrictive clauses for share transfer.

can an NRI hold 75% or more shares of an pvt. ltd. company. wht r the rules/restrictions on it. pl guide.

thnx. shiv