Transfer of Shares, FEMA

[Reshma kochar]

Dear Experts,

I have a query in FEMA.

A NRI holds some shares in TATA Steel and now wants to transfer these shares to his father in India as gift.

Is this allowed in terms of FEMA? If yes what will be the procedure.

Please share you views.

Regards,

Reshma

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Have you done so? If not yet clarified please inform me along with the latest position.