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Unlisted share transfer from non-resident to non-resident

Tax queries 249 views 1 replies

Hello All,

Shares of unlisted private company are being transferred from a non-resident to another non-resident.
What are the processed to be followed ? and, precautions to be taken ?

Thanks in advance.

Replies (1)
Hi sandip

you should look into following 4 acts

1. FEMA - rbi permission required but no specific reporting requirement
2. Companies Act - normal sh 4 to be executed
3. Stamp Act - stamp as per roc to be paid
4. Income tax act - no Income tax on CG.

for any further assistance please write to me at sthayin @ gmail


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