shareholding in a private limited company

Dear Mr. Vaitheeswaran,

As investment in shares in Indian pvt co is on Non-rep basis and I understand that pvt company/you would not be keen to distribute any earning as Dividend, your case become very simple and you may invest in your/your family members' name. 

Also I have assumed that the country in which you are currently resident doesn't charge tax on undistributed earning or is having favorable DTAA with India.

Regards

Juzer

Hello,

there is no problem regarding the same... Have to transfer amount through NRE account and than can invest here. Also get one PAN card to fiel return here from next year....

Thanks Mr.Juzer and Mr.Shivang for your clarification. i am residing in UAE and so, there is no tax issue here. i would take the shares either in my name or my wife's name.

Thanks once again.

regards,

vaithy.