Purchase of shares from foreign directors by indian resident
This query is : Resolved
17 June 2013
Dear Experts
We have Indian Company of Which TWO foreign Dire and One Indian Director.All shares are held by the Foreign Directors.
Now we want to the purchase the ALL Shares of the of Both Foreign Director.
We = Individual (Not share holders of the Company)
Please Guide the Procedure in that regards.
AND the TDS applicable to that.
Purchase of Shares From Foreign Directors by Indian resident
We have Indian Company of Which TWO foreign Dire and One Indian Director.All shares are held by the Foreign Directors.
Now we want to the purchase the ALL Shares of the of Both Foreign Director.
We = Individual (Not share holders of the Company)
Please Guide the Procedure in that regards.
AND the TDS applicable to that.
Purchase of Shares From Foreign Directors by Indian resident
18 June 2013
r/sir
you can take tfr deed with foreight director. and also confirm that when share was issue to foreign directors
then his shares are not with ADR or GDR.
then co. call shares from ADR or GDR.
and also fema should
you can take tfr deed with foreight director. and also confirm that when share was issue to foreign directors
then his shares are not with ADR or GDR.
then co. call shares from ADR or GDR.
and also fema should
18 June 2013
Dear its not ADR/GDR
Please guide whether the TDS does applicable opn it or not?
Please guide whether the TDS does applicable opn it or not?
21 June 2013
Dear Alpesh,
Register the Share Transfer with the help of Share Transfer Form and also get the approval of the BoD.
The following docs are required
1. Form FC-TRS.
2. CA Valuation Certificate for shares.
3. Consent of Buyer.
4. Consent of seller.
What is the price of the share? Diff between the face value and Transfer value?. Need some details to guide the tds applicability.
Register the Share Transfer with the help of Share Transfer Form and also get the approval of the BoD.
The following docs are required
1. Form FC-TRS.
2. CA Valuation Certificate for shares.
3. Consent of Buyer.
4. Consent of seller.
What is the price of the share? Diff between the face value and Transfer value?. Need some details to guide the tds applicability.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Payment of bonus act - notice pay recovery
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
