Dear Friends
The shares of an unlisted company were transferred from a resident to a NRI. The address of transferee provided in the transfer form is of
In a nutshell all the formalities regarding transfer is completed as needs to be done in case of transfer between two resident individuals.
What can be consequences in this case as the Company has already record the transfer in its books?
Secondly please confirm that whether the pricing guideline is also applicable in case of transfer of shares by resident to NRI?
CAclubindia
