30 September 2009
Dear Friends, A from India transfers his shares in Private Limited Company to ABC which is a Foreign Company. They have executed a transfer deed on 1.1.2009. They have filed form FC-TRS on 10.1.2009. What shall be the Board's Approval date to this share transfer? Can Board approve this before filing of FC-TRS? Or the Board must verify whether this Form has been filed or not? Regards,
01 October 2009
Initially the board should vet the tranfer deed after 1-1-2009 and 10-1-2009 and confirm the particulars in FC_TRS and trasfer should be made after 10-1-2009 after obtaining a copy of FC-TRS.
CAclubindia
