Non Repatriable to Repatriable Shares

    Posted By : damini / Published on : 18-Mar-2020 06:18 AM / View : 109 / Comment : 0
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    In case a company is incorporated in India by two Indian subscribers, then their shares shall be issued on non repatriation basis and then with in 6 months these shares are transferred to Foreigners on repatriation basis. How is this possible? When a share by its birth is non repatriable, how it can become repatriable when transferred to NRI on Foreign Exchange.
    Whether any FEMA Requirements/approvals are to be complied with apart from filing FCGPR.
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