if a NR transfer shares to another NR does any approval required from RBI by the company..
our company has a shareholder
who is foreigner and now he wants to transfer to another foreigner...
does our company need any approval from RBI for the same.
or we simple prepare share transfer documents and update in our register the same ..
and while filling FLA to RBI do the needful changes .
pls suggest ..
Menu
Transfer of shares of an Indian company between to Non resident
Replies (1)
Any company that has received FDI or made any overseas investment shall be required to file the Annual FLA return. Further, if a company has not undertaken any such transaction during the current year but has outstanding ODIs or FDIs of the previous years, still it needs to file its FLA return disclosing the balance of assets and liabilities
Recent Topics :
- TDS on Property - Form 26QB Related
- Capital gains on sale of flat from wife to husband
- TDS filing for the 1st quarter of TY 2026-27
- Login into Old Traces Portal
- Professional Income reporting in ITR-3
- Pf exemption in hand of spouse on demised of husba
- Missed deadline to revise ITR for a foreign asset
- Durga Puja 2026 Dates: Mahalaya, Shashthi to Vijay
- Indo-MIM IPO Allotment Date, Status Check and List
- GSTR 1 filed but GSTR 3 B no filed
Related Topics :
CAclubindia
