Transfer of shares - one foreign company to another

Max Payne (employed) (2574 Points)

06 February 2012  

Dear members,

 

what intimation is required under FEMA to RBI for

transfer of shares of Indian pvt ltd company,

by a foreign holding co,

to another foreign company or NRI.

 

Also what other FEMA provisions to be complied?

 

Please revert urgently.

Thanks in advance