Transfer of shares of pvt ltd Indian Co to Foreign Co

CA. Manthan Ruparelia (Chartered Accountant) (94 Points)

15 January 2009  

Hey friends,

I wanted to transfer my shares to foreign company which is 70% of the total paid up share capital of the company.

Nature of Business is Film Production House, so can any one tell me what is the proceedure required for transfer ? Prior approval of RBI is required ? What is the compliance of RBI & ROC