Transfer of shares

674 views 2 replies

The shareholder(a non resident entity in US) of a ABC limited company in India is transferring its shares to the other shareholder of ABC Limited, who is in India.In other words a non resident entity is transfeering its shares to a person resident in India.

So in this case apart form filing Form FCTRS, do we need file anyother things with RBI??

And can a non resident entity trff is shares by way of gift to a person resident in India.???

PLS ADVICE

Rgds

Priya Sharma

Replies (2)

No ,no other docuemnts required apart from the list of docuements such as CA,CS certificate,shareholding patern before & after the transfer of shares also kindly go through the recent circular  issued by the RBI on this subject.

The non-resident is not entiled to gift the shares to resident.

Regards,

Dear Ms. Priya

 

Please read Point No. 21 and 22 on page No. 11and 14  of Master Circular attached herewith regarding Transfer of shares and Convertible Debenture.

 

Regards


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register