Share transfer to foreign company

- Check whether  foreign investment is restricted by the Govt in the sector in  which co. is  operating

- Get  valuation report of shares  (Selling price should not be less than price as  per report)

- Get agreement between buyer  and seller executed  for sale of shares

- Get KYC report of buyer from his banker

- Get share transfer form signed by  both  parties and pay stamp duty  on the same

- Get payment from  the buyer through  Bank 

- Get FIRC from the  Bank

-  Submit FC-TRS form online on e-biz portal

- Get approval letter from the banker (authorised dealer)

- Pass Board resolution for transfer of shares in company's records

- Send share certificate duly endorsed to  the buyer

Thank you for the information Sir.