transfer of shares

This query is : Resolved 

07 February 2011 1) Two resident foreigners registered a private limited company to do hotel and tourism buisness. Can they transfer their shares to two other foreigners or to other indian residents?

2) A resident foreigner formed a private limited company to do hotel and tourism buiness. Can the indian transfer his shares to another resident or non resident foreigner?

09 February 2011 1) yes provided the relevant guidelines of transfer of shares at value arrived as per DCF method is adhered to .

2)Same as above

Anuj
9810106211



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