Transfer of shares
This query is : Resolved
Guest
Guest
(Querist)
07 November 2008
X is holding co in foreing country and Y is a Wholly Owned Subsidiary of X which is incorporation in India.
Z is a holding company of X situated in another foreign country.
X is dissolved and the shares in Y are transferred to Z.
Both are Non Residents and the transfer happens. What is the procedure to be complied with RBI.
No inflow into india hence no permission required right?
Try to send me a NOTE on the process immediately.
Z is a holding company of X situated in another foreign country.
X is dissolved and the shares in Y are transferred to Z.
Both are Non Residents and the transfer happens. What is the procedure to be complied with RBI.
No inflow into india hence no permission required right?
Try to send me a NOTE on the process immediately.
07 November 2008
Transwer of shares is between two NRs is permitted by FEMA.
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
- GST Regis.
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
