Dear Professionals,
There is a pvt. ltd. company in which 51 % of the capital being held by a foreign resident. It is now proposed to transfer these shares to a Body corporate incorporated outside india.
My query is would the above transfer require any other compliances apart from execution of transfer form and Board approval?
Pl. help!!
Thanks & Regards,\
Ruchie
Hi,
As per me no other compliance is required. as the transfer is from a foriegn national to foriegn corporate, so no need to inform rbi.
Sanath Sheshagiri & Co.
Bengaluru
CA Inter
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PARV & Co.
New Delhi
CA Inter
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CCI
Pro
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