banner_ad

Transfer of Shares by a NRI to a Non Resident ENtity

Others 2701 views 5 replies

hey friends...

Can a NRI who has major shareholding (99.9%) in a pvt ltd software company dealing with prepress activities, transfer his ENTIRE SHAREHOLDING to a non resident entity ??? if yes, what is the procedure ?? does the process involve approval from RBI at any stage ?

PLease advice asap...

Replies (5)

 

Following are the formalities to be complied with for transfer of shares to NRI:

  1. The payment for the shares to be purchased by NRI  may be made through his NRE/FCNR Account. In case of shares to be purchased on non-repartiation basis, then the amt shall be remitted by way of normal banking channel  or through NRE/FCNR account held by the NRI
  2. the following documents to be submitted to the AD through whom the transfer being transacted:

             --- consent letter from buyer and seller or from their authorised agent

             --- share holding pattern of the investee company after the acquisition of shares

             --- chartered accountant certifiacte for valuation shares ( fair value of shares)

             --- undertaking from the buyer that he is eligible to acquire the shares under FDI cap, 

                  if appicable.

 

      3.    Form FC - TRS to be filed with AD category - I bank within 60 days from the date of 

             receipt of consideration. ( in quadruplicate)

Mr. kavin  

 

thanks a lot Sir. I come to know something about it .

you're welcome, if you have any questions, please feel free to ask.. will try to answer  :)

(i) Can you please explain, in detail, the procedure for transfer of shares by one non-resident to another non-resident?

(ii) Also, are there any permissions to be sought from RBI in this regard?

What is the procedure for transfer of shares from NRI to resident Indian and Resident Indian to NRI?

Please Help... Its urgent..

Thanks in advance


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details