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FEMA , share to NRI

This query is : Resolved 
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(Querist)
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
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Shashi Mohan Jha

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Shashi Mohan Jha (Expert)
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.
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CA VINOD JAIN

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CA VINOD JAIN (Querist)
25 July 2007 we are gifting not issuing

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Shashi Mohan Jha

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Shashi Mohan Jha (Expert)
25 July 2007 I understand that the ownership of the shares would not change in this case

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