Transfer of Share

    Posted By : damini / Published on : 16-Jan-2020 09:08 AM / View : 31 / Comment : 0
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    Dear all please solve the queries

    Recently i have incorporated the Pvt ltd com having paid up just 20000 rs. Now the Director of the company want to transfer his 99% of share to company incorporated in the Cyprus (Europe), in which one director is also a director in that foreign company and also hold near 60% of share in foreign company. My queries is below mentioned.

    1. Can be transfer the share to foreign company?
    2. Intimation to RBI required ?
    3. is there any compliance to be required to follow because after transfer indian pvt ltd com will be the subsidiary of the foreign company.
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