Hi Sir/Madam,

I want to know if a company purchase some shares from the other shareholder, is it required to keep a nominee shareholder as well because in this case a company is becoming a shareholder of another company. Let me draw a example to get it more clear
Example: Let say if Mr.A company purchased 10000 shares of Mr. small b (who is a shareholder of Mr. B company holding shares of 10000 out of total 20000 shares), in this case is it required for Mr.A company to keep a nominee shareholder (since a company is becoming a shareholder of another company).

Kindly let me know, it will be very helpful for me and thanks to everyone who left there answers here to enlighten me. It will great if you let me know the section or any provision regarding this.

Thank you.

Dear Sir,

i request to you please guide regarding Pvt. Ltd. Company shares transfer from NRI to NRI.
- what is procedure?
- Intimate to RBI?
- others

your co-operation will be highly appreciated.

Regards
Rajnish

We  Established a software  company with two resident indian shareholders ( 99%  and 1% each one respectively). This software company has a 100% wholly owned subsidiary engaged in fdi not allowed agricultural and  construction of  farm house business. Now One Shareholder who had 1% willing to sell shares to Foregn Residents through FDI.In these circumstances,Is  FDI allowed in a software company which has an FDI prohibited subsidiary company?

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Regards,

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Sir,
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Sir
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