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 ..
CAclubindia
