Capital gains query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 October 2010
Please suggest.
All shares of a company(Indian Company) held by 3 persons are being sold to an US Company.
In consideration they get sum amount of cash and sum shares in such US company.
Now how should we calculated the sale consideration.
US company is not a listed company to adopt the market value of its shares for calculation???
All shares of a company(Indian Company) held by 3 persons are being sold to an US Company.
In consideration they get sum amount of cash and sum shares in such US company.
Now how should we calculated the sale consideration.
US company is not a listed company to adopt the market value of its shares for calculation???
30 October 2010
Please check whether you can even receive the payment in kind under FEMA. Make it sure this not a non compliance with FEMA
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