Share transfer from non resident to non resident

Dude,

Compliance is compulsoryly needed as the company is "private limited" and company to which the shares are transfered is outside our nation.

Moreover the period has to be taken into account. That is,

1) The date of shares acquired by the person when he was in India

2) The date of transfer to the Non-Resident Company

This is applicable, if, it is a foreign company in their nation or has branch / base in India.

What are the complinace under FEMA ?

Thanks sir ........