Hi all,
i have to transfer my 20 % shareholding in a indian company to a foreign company. The foreign company would pay my 20 % not in cash, rather by way of transferring me its technical informations (formulas, etc).
My query is whether i can simply transfer my shares to the foreign company with no real transfer of money or a "real" transfer of money to my account in india is needed?
Should i prepare and draft the Form FC-TRS to be lodged with the AD ?
Thanks to all.
Sandeep