shares wher transferred by way of gift from a resident Indian to anNRI without prior approval of RBI. The transfer is registered in accordance with the comapnies act. But with respect to FEMA its violation!! What can be done >??
shares wher transferred by way of gift from a resident Indian to anNRI without prior approval of RBI. The transfer is registered in accordance with the comapnies act. But with respect to FEMA its violation!! What can be done >??