Hello Everybody,
Can anyone provide me the procedure and all the legal requirements regarding the transfer of shares of a unlisted public company to a newly appointed foreign national Director of the same company
Pls reply soon.
Thanx in advace
Arun Jaiswal (CS) (89 Points)
03 February 2012Hello Everybody,
Can anyone provide me the procedure and all the legal requirements regarding the transfer of shares of a unlisted public company to a newly appointed foreign national Director of the same company
Pls reply soon.
Thanx in advace
Kiran Toshniwal
(Practicing Company Secretary)
(142 Points)
Replied 03 February 2012
File Form FC TRS with concerned RBI through Authorized Dealer 'AD'. It is important and major compliance
Rest of the Procedures is same as followed in normal transfers. Execute transfer Deed.
No ROC Filings required.
Regards
Kiran T
sonia
(student)
(37 Points)
Replied 18 February 2012
Dear Kiranji,
Would u pls clarify my doubt what will be the effective date of transfer?
the case is the transfer deed has been executed but the form FC TRS has been filed now when the transfer deed has expired i.e. is not valid....
So will the transfer be considered w.e.f. the date of execution of transfer deed or not ??