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Transfer of shares in Indian co. between 2 foreign co-s

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 August 2010 A foreign co., holds 100% share in its Indian Subsidiary co., Now the foreign co., wants to sell its entire shares to another foreign co.,

Kindly advice me what all the provisions / laws will be attracted for this transaction.

Is a share transfer form within prescribed date bearing requisite share transfer stamps (.25p for every Rs.100) along with the Board resolution of both the companies Sufficient.

Any other law attracts or any information be given to any authorities like RBI.

Pl clarify
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
24 August 2010 visit this link for complete details
https://www.caclubindia.com/articles/transfer-of-shares-procedural-analysis-4692.asp

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