22 July 2010
Dear Experts, After much search i got the Circular no.49 issued by RBI dated May 4, 2010 in which there are guidelines for transferring shares held by closely held company by a non-resident individual to resident as per Discounted Free Cash Flow method. Whereas it has been claimed by some other auditors that another Circular has been issued. If that is true please give me the link so that i can view and value the shares as per the latest guidelines. With regards, Rajesh.
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