Dear Sir / Madam,
Whether prior permission of RBI is required for transfer of shares by Resident Company to Non resident company ( Foreign Company)?
2 Replies
Anjali lakra
(473 Points)
Replied 05 October 2020
No. but you need to intimate the RBI about the transfer.
pritesh
(delhi)
(720 Points)
Replied 12 October 2020
Prior not required only form fctrs is required to file to rbi after transfer.
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