My company is Indian public ltd company (unlisted). One shareholder (8% equity shareholding) is foreign company of Germany. Please tell me how we can pay dividend to that German Company (state the procderue which an Indian company has to follow) and if existing Indian shareholder cum director wants to buy his all shares so what will be the procedure?
Step 4 : Long on to nsdl fill Form 15Ca and generate the approval number.
Step 5 ; Submit to bankers along with Form A2 under Fema for payment
Step 6 : Pay the dividned tax
For purchase of shares :
Step 1 : Find out the present value of share
Step 2 : If the purchase value is less than 1,00,000 dollars you can purchase through authroised dealer and can make payament to him. Form A2 under FeMa has to be submitted.
Step 3 : If purchase value is more thatn 1,00,000 dollars then you have to get rbi permission.
03 July 2009
Thank u very much Sir for your reply.
Regarding above query: German co.(Shareholder) Invested amountin Indian company (Unlisted) through foreign direct investment scheme through Automatic route on repatriation basis. So Now please guide me in this condition Indian company has to follow procedure as above you told me or anything else.
CAclubindia
