Transfer of shares of a foreign co. held by an indian co.

CS Shivi Reddy (COMPANY SECRETARY) (175 Points)

29 August 2011  

Dear All,

 

There is a Forein Company in Joint Venture with an Indian Company. The indian Company has 49% Stake in that Foreign Company. Now the Indian Company wants to transfer those 49% stake to one of its group Company.

What is the procedure and the applicable provisions in this regard

 

Regards

Shivi