Purchase of Shares of Indian Company held by a Foreign Company

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Purchase of Shares of Indian Company held by a Foreign Company
Query (Issue) Started By: - Venkatesan K Dated:- 3-2-2011 Last Reply Date:- 17-2-2011 FEMA
Got 2 Replies
FEMA
An individual .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... is proposing to purchase shares of an indian Unlisted company. the shares are held currently by a foreign company. if he has to purchase these shares, RBI has stipulated conditions for the valuation o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... f the shares. Kindly inform me about the procedure/formula. What other requirements are to be complied with on remittance abroad? Thank you, Venkatesan.K Reply By Anuj Gupta: The Reply: The valu .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ations of shares is to be done on the basis of DCF method. Also if the foreign Company has any capital gain then appropriate TDS u/s 195 needs to be deducted. Also Form FC-TRS is needed to be filed .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... within 60 days of the transaction to AD. Reply By Venkatesan K: The Reply: thank you sir!
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X