TRANSFER OF SHARES BETWEEN TWO NON-RESIDENT.

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Neeta

Finance

345 Points Joined December 2009

Please give the procedural for the transfer of shares of an Indian Company held by a foreign national( individual) to a Foreign Corporate Body.

Replies (1)

karn

trainee

172 Points Joined May 2009

Originally posted by : Neeta
	Please give the procedural for the transfer of shares of an Indian Company held by a foreign national( individual) to a Foreign Corporate Body.

No compliance as per FEMA all you need is to pass a board resoloution to transfer the shares also plz check if ant law prevailing applicable in the foreign country.

thanks&regards

karan gandhi