Hi all,
we have this foreign company willing to incorporate a new co in India with 100% shareholding. Given the necessity of at least two shareholders in the indian company, we would proceed with transferring 99% of the shares to the foreign company, with a very nominal stake of 1% share transferred to an individual.
We have also been told that it would be possible to transfer the 100% shares (100%) to the foreign company, which in turn could nominate the individual as a shareholder and to represent the foreign company. We are wondering if this can be possible and what are the steps to be taken.
Thank you all.
S.
CAclubindia
