foreign entity holdings transfer shareholders resident
Hello All.
What needs to be done when the proposed name applied has already been reserved but due to some issues like (Category/Spelling mistakes etc.), the applicant wants to reapply with the same name?
Dear All,
What is the functionality of Extend the name in Spice + Part A?
Hello all,
Does MD or ED of the company related to promoter group, fall under the
definition of employees for the purpose of ESOP?
Hello All,
Is there is any relaxation in stamp duty payment on transfer of shares of Section 8 Company?
duty stamp relaxation
Hello All,
Is there a blanket ban on communication/ procurement of UPSI? Are there any exemptions?
upsi procurement communication blanket
Dear All,
Is it mandatory that the name of section 8 Company shall include the words like – Foundation, forum, association, federation, chamber, confederation, Council, electoral trust etc.?
Hello All,
Suppose, a person is holding 24% of paid up equity capital of an NBFC and
acquires additional 2% of paid up equity capital. Does the transfer require a prior approval of the RBI?
Dear All,
If a transaction is done with the sole or primary intent of benefiting a related party, and such, related party has deliberately concealed the transaction, is it not a case of a fraudulent transaction?
transaction fraudulent case 
If all the resident shareholders of a company transfer their holdings to a foreign entity, then the foreign entity will become the majority shareholder of the company. In such a scenario, it is important to comply with the applicable laws and regulations related to foreign investment in India.
Form FCTRS (Foreign Currency Transfer of Shares) is a form that needs to be filed with the Reserve Bank of India (RBI) by the company and the foreign investor, in case of transfer of shares from resident shareholders to a non-resident entity. The form requires details of the transfer, such as the consideration paid, the identity of the buyer and seller, etc.
If the foreign entity has appointed nominee shareholders to hold the shares on its behalf, then these nominees must also be disclosed in the form FCTRS, along with their identity and other relevant details. In addition, the share purchase agreement between the resident shareholders and the foreign entity must also mention the appointment of these nominees and their role as beneficial owners of the shares.
It is important to ensure that all the relevant disclosures are made in the form FCTRS and other relevant documents, and that all the applicable laws and regulations related to foreign investment in India are complied with.