FEMA/COMPANY LAW

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Abhijit Rane (Querist)
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04 July 2011
Dear All,

1.) what do you mean by non repatriable equity shares?? what is its implications???

2.) can a shareholder be given an exclusive new folio number for holding only non repatriable equity shares??? if he already has a folio number and holds some equity shares.

kindly advice.

Regards

Abhijit

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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07 July 2011 Non repatriable equity shares are issued to NRI's who bring in money in Indian Company on non repatriation basis.

Yes it is preferable,but in present case the same folio number should be used.

Anuj
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