Rbi approval required or not

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ACS Anjali Jain

ACS Anjali Jain (Querist)
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28 August 2015 in case of transfer of 995 of shareholding to foreign entity whether approval of rbi required or not

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Guest (Expert)

04 September 2015 cann you be more specific?

ACS Anjali Jain

ACS Anjali Jain (Querist)
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04 September 2015 an indian company wants to transfer its 99% of shares to a foreign company. so in that case whether approval of rbi is required or not?

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ACS Anjali Jain

ACS Anjali Jain (Querist)
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04 September 2015 an indian company wants to transfer its 99% of shares to a foreign company. so in that case whether approval of rbi is required or not?

Guest

Guest (Expert)

04 September 2015 I mean does the indian company hold shares in another indian company?

Guest

Guest (Expert)

04 September 2015 RBI approval is not requried if the transfer price is fixed by a valuation by CA and the INdian company is not in prohibited sectors like agriculture, chit fund, nidhi etc

ACS Anjali Jain

ACS Anjali Jain (Querist)
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04 September 2015 ohk thanks. one more thing after the shares are transferred to the foreign company. can the said foreign company lend money to the company in whose shares it has invested/ if yes then any approval required for that

ACS Anjali Jain

ACS Anjali Jain (Querist)
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07 September 2015 WHAT IS SWAP OF SHARES IN CASE OF FOTREIGN SECURITY? PLEASE EXPLAIN

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