Dear Members,
One query w.r.t. transfer of share from resident to non resident
pls specify the reporting compliance under RBI and co. Act
like FC-TRS and section 56 for transfer of shares etc.
resident
equity
transfer
requirement
compliance
Dear Members,
A foreign national, being Director of India Company, is residing in India for last 3 year and having valid Business Visa. Being Director he may continue to stay in India for further period.
Another shareholder in Company, who is resident, intends to sell his share to this Foreign National.
On this background, can this Foreign National be treated as person resident in India (as he is living for more than 3 yrs and for business purpose) as per FEMA and one can skip the requirement of filing Form FC-TRS for transfer of shares?
Please guide.
transfer
statusfemashare
residential
Dear all,
One of my client is US National Resident in India from 5 years and born in India. I have selected nationality as US citizen and resident in India. Now what are the guidelines for attestation of supporting documents
Dear Members,
What is the mode of payment for non - resident investor in Indian company.
Can a payment be made from NRE- and fc-gpr be filed without FIRC.
Any link on detail procedure will be help ful..
Dear Members,
In case of Right issue of shares by the private Company, Can Non Resident shareholders renounce their shares to the resident indians?
resident
shares
renounciation
Hello,
Can Private Limited Company buy residential flat from its Director?
Hi members,
We have to transfer shares from Non resident to resident as gift. Do we need to get gift deed and transfer deed apostille or only indian stamp paper will do?
Thanks
Dear Members
If pvt company is not appointed and not interested to appoint residential directors what will be the penal provisions for the same.
director
residential
appointment
mandatory
what are the requirements
1) if shares of Pvt Ltd. transferred from resident to Non Resident us Citizen pain in INR
2) Transfer from Pvt ltd. co.’s share by one foreign co. to another co.
resident
pain
citizen
shares
transferred
Dear Members,
As per Section 149(3) Every company shall have at least one director who stays in India for a total period of not less than one hundred and eighty-two days during the financial year:
Provided that in case of a newly incorporated company the requirement under this sub-section shall apply proportionately at the end of the financial year in which it is incorporated.]
and further as per Circular No 25/2014 dated 26th June, 2014 Companies incorporated after 30/09/2014 needs to have the resident director from the date of incorporation itself.
Suppose, Company was incorporated on 01.12.2019.
how to check the resident status of the first director in case of newly incorporated company?
Dear Members
Please Suggest me
Procedure for Transfer of Equity Shares and Non Convertible Debentures from Non-Resident to Non Resident and Also please tell whether we have to report to RBI or not?
resident
debentures
convertible
shares
transfer
equity
procedure
Can a Resident Indian give Loan / Gift to his related Resident Indian in Foreign Currency? Will it be under LRS?
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