Transfer shares from resident foreigner

This query is : Resolved

CA Kunjan - www.canaresh.com (Querist)
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20 August 2013 company is 1 year old small pvt.ltd.company doing business in tea /snacks etc.

One of its sharehlder,a french white shareholder cum director wants to sell his shares to another french-white-shareholder.
both were resident indians as per fema as they reside in mumbai since 2 years.

my question is- >fctrs form is required to be filed under FEMA or just simple share transfer forms are enough?

regards, ca kunjan shah, www.nsc.in , 9820750784, practising ca., mumbai

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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21 August 2013 I feel that FEMA has no role to play in the situation provided by you.

You may comply with company law procedures only.

Anuj
femaquery@gmail.com