Transfer of shares

Ruchie Khanna (Company Secretary) (123 Points)

22 April 2011  

Dear Professionals,

There is a pvt. ltd. company in which 51 % of the capital being held by a foreign resident. It is now proposed to transfer these shares to a Body corporate incorporated outside india.

My query is would the above transfer require any other compliances apart from execution of transfer form and Board approval?

Pl. help!!

Thanks & Regards,\

Ruchie