Transfer of shareholding in a private company
This query is : Resolved
Pushkar deo
(Querist)
09 December 2016
The director of my company and his spouse hold 80% shareholding (40% each) in a domestic private company. The balance 20% is held by its Singapore counterpart.
Now, the director wishes to transfer 30% to the said Singapore counterpart taking the final Shareholding to 50% by the director and his spouse and 50% by the Singapore counterpart.
What procedures and guidelines should be followed to execute the above transfer?
Please Advise.
Now, the director wishes to transfer 30% to the said Singapore counterpart taking the final Shareholding to 50% by the director and his spouse and 50% by the Singapore counterpart.
What procedures and guidelines should be followed to execute the above transfer?
Please Advise.
Kumud prasad
(Expert)
09 December 2016
Pushkar,
Directors can transfer their shares as per FEMA and RBI Regulations.
Directors can transfer their shares as per FEMA and RBI Regulations.
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