Dear Member,
Pls guide me on below transaction:-
what are the legal formalities for transfer of share of pvt ltd indian company by resident individual to foreign company?
currently share holding pattern is below:-
99% share held by one resident individual
1% share held by another resident individual
Now individual who is having 99% shares want to sell 76% shares to foreign company and remaining shares to indian pvt ltd co.
Company is engaged in the business of manufacturing of auto part.
Pls guide me.
Regards
CA Abhinav Garg
9999923487
ca.abhinavgarg @ yahoo.co.in
CAclubindia
