Poonawalla fincorps
Poonawalla fincorps

TRANSFER OF SHARES TO NRI

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 October 2010 A private limited co whose main object is media wishes to transfer 99.99 %of shares to NRI having dual citizenship and NRO account,
I would like to know which forms are required to be file with RBI and where?
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CA. Anuj Gupta

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CA. Anuj Gupta (Expert)
10 March 2011 Media sector as such is not allowed to have 99.99% FDI. Your case needs to seen in light of exact activity being done by the Company.

Anuj
0-9810106211

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