What are the guidelines for transfer of existing shares from residents to non-residents or non-residents to residents?

0
Posted

What are the guidelines for transfer of existing shares from residents to non-residents or non-residents to residents?

0

Transfer from Non-Resident to Non-Resident: A: Transfer by way of sale: A person resident outside India can freely transfer share/convertible debenture by way of sale to a person resident in India as under: Any person resident outside India, (not being a non-resident Indian or an overseas corporate body), can transfer by way of sale the shares/convertible debentures to any person resident outside India; subject to the condition that the acquirer or transferee does not have any previous venture or tie up in India in the same field or sector. A non-resident Indian (NRI) may transfer by way of sale, the shares/convertible debentures held by him to another NRI only Any person resident outside India may sell share/convertible debenture acquired in accordance with FEMA Regulations, on a recognized Stock Exchange in India through a registered broker. A non-resident Indian or Overseas Corporate Body can transfer by way of sale, shares only to a non-resident Indian. B: Transfer by way of Gift:

Related Questions