04 October 2011
HELLO, CAN I SALE A PVT. LTD. COMPANY'S SHARES TO N.R.I. , SHOULD I ANY COMPLIANCE OR PERMISSION WITH RESERVE BANK OF INDIA. WHETHER N.R.I. REMITT. AMOUNT FROM OVERSEAS IN MY SAVING ACCOUNT.
04 October 2011
Yes. You need to adhere to FDI regulations. If Indian company is in allowed sector & other criteria fulfilled then no approval required. There are pricing guidelines which require value of shares to be determined, further inward remittance needs to be reported to RBI via your AD bank. Amount can be deposited to your bank account. Better consult before you move.
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