FEMA , share to NRI
This query is : Resolved
25 July 2007
To one NRI if there is any restriction of any gift in way of shares of pvt. ltd. compnay,
if not then how much % share we can give him as gift
if not then how much % share we can give him as gift
25 July 2007
I don`t think you can issue any shares to a NRI for free as RBI/FC-GPR/CCI Valuation rules would apply.
25 July 2007
we are gifting not issuing
25 July 2007
I understand that the ownership of the shares would not change in this case
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