transfer doing foreign while currency attached evidence shares documentary
Hello Everyone
If the company was incorporated in March 2023 in Canada by an Individual resident of India, due to non-approval of ODI, no remittance is yet made.
Please advise whether that resident individual needs to file his FLA due in July.
Dear All,
If an entity has not received any inward FDI / made overseas investments in the latest FY, do they need to submit the FLA return?
return
Hello Professional
Is a Section 8 company required to seek permission from Central
Government (“RD”) for alteration of its articles of association
prior to getting the same approved by the members by means of
special resolution in the general meeting?
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Hello Professionals
What do you mean by ‘Companies with charitable purpose’ (Section 8) under the Companies Act, 2013? What are the conditions for the issue & revocation of the license of such a company by the Government?
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Hello Professionals
In the case of an overseas subscriber and director, is the documents required to be notarised and apostilled for incorporation of a company?
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Hello Professionals
What are the minutes of a board meeting, and how should they be maintained?
Hello Professionals
In the case of an overseas subscriber and director, are the documents required to be notarised and apostilled for incorporation of a company?
notarized apostilled incorporation company required documents overseas subscriber director case
Hello Professionals
In terms of Section 73 of the Companies Act, 2013 read with Rule 2(1)(c)(vii) of Companies (Terms and conditions of acceptance of Deposit) Rules, 2014, deposits do not include receipt of money from Director of the Company, but the money received from a member is treated as a deposit. In case the deposit is taken from a person who is both a director and a member of the Company, will such receipt of money be treated as a deposit or not?
The documentary evidence required for the transfer of shares to be attached while doing a Foreign Currency Transfer (FCT) may vary depending on the specific requirements of the jurisdiction in which the transaction is taking place. However, in general, the following documents may be required:
Share Transfer Deed: This document is used to transfer ownership of shares from one party to another. It should be executed and stamped as per the applicable laws and regulations of the jurisdiction in which the shares are held.
Share Certificate: This is a physical certificate that represents ownership of shares in a company. It should be signed and stamped by the authorized signatories of the company and should be valid and current.
Foreign Inward Remittance Certificate (FIRC): This is a document issued by the bank that confirms that the funds have been received from a foreign source and credited to the account of the seller.
Know Your Customer (KYC) Documents: This includes identity and address proof documents of both the buyer and seller, such as passport, driving license, and utility bills, as well as any other documents required by the applicable laws and regulations.