Transfer of Shares to foreigners

Vinay B L (Company Secretary) (140 Points)

03 July 2011  

Dear Members,



"A" is a private company, having paid up capital of1,00,000. There are two shareholders "X" & "Y" and the same people are directors of the said Private Company. Currently these directors are planning to transfer their shares to 3 foreigners ('D' 'E' & 'F') 


Kindly provide me the procedure to bring the same into effect. 

 

Further this query relates FEMA, but I could not find separate Forum for FEMA, therefore I am posting the same in Corporate Law Forum, pls guide me in which forum i should raise questions relating to FEMA.

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Thanks and Regards
Vinay B L