Rbi approval required or not
This query is : Open
28 August 2015
in case of transfer of 995 of shareholding to foreign entity whether approval of rbi required or not
Guest
Guest
(Expert)
04 September 2015
cann you be more specific?
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?
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
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
07 September 2015
WHAT IS SWAP OF SHARES IN CASE OF FOTREIGN SECURITY? PLEASE EXPLAIN
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