Share Transfer

Dear Sir / Madam,

Whether prior permission of RBI is required for transfer of shares by Resident Company to Non resident company ( Foreign Company)?
Replies (2)
Quick Summary
This discussion clarifies that prior permission from the RBI is not required for a resident company to transfer shares to a non-resident (foreign) company. However, it is necessary to intimate the RBI about the transfer after it has occurred. The relevant form for this notification is 'fctrs'.

No. but you need to intimate the RBI about the transfer.
Prior not required only form fctrs is required to file to rbi after transfer.

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