Transfer of shares under fema

Raju (Trainee) (31 Points)

28 June 2013  

Respected sir/mam,

My query is

X private limited has Resident and non Resident share holder, now Non resident wants to transfer his shares to Resident.

As per my knowledge following procedure has to be follow

1. FCTRS has to be submitted within 60 days from the date of making payment to NR

2.Share valuation certficate  issued by CA has to be submitted

Apart from above requirement if any other documents need to be submitted to RBI kindly inform.

 

With regards

Raj