Dear members,
what intimation is required under FEMA to RBI for
transfer of shares of Indian pvt ltd company,
by a foreign holding co,
to another foreign company or NRI.
Also what other FEMA provisions to be complied?
Please revert urgently.
Thanks in advance
its FC-TRS form please.
but sir, here there is no resident. So how FC TRS is applicable?
also there is no remittance to india, the transfer is taking place between foreign entities...
so will FC GPR come into picture?
FC-TRS is a declaration of transfer that consideration has been received by transferor it is not for remittance what i think. Further you can contact your AD Bank and please clear me also whatever AD says.
Hi thanks for the revert sir,
RBI told no forms required to be filed if the consideration is other than in INR,
and outside India between NRIs.....
CAclubindia
