What if the transfer from resident to non-resident does not fall under the above facility?
• In case the transfer does not fit into any of the above, either the transferor (resident) or the transferee (non-resident) can make an application for RBIs permission for the transfer. • A copy of FIPB approval. • Consent letter from transferor and transferee clearly indicating the number of shares, name of Investee Company and the price at which the transfer is proposed to be effected. • The present/post transfer shareholding pattern of the Indian investee company showing the equity participation by residents and non-residents category-wise. • Copies of RBI approvals/acknowledged copies of FC-GPR evidencing the existing holdings of the non-residents. • If the sellers/transferors are NRIs / OCBs, the copies of RBI approvals evidencing the shares held by them on repatriation / non-repatriation basis. • Open Offer document filed with SEBI if the acquisition of shares by non-resident is under SEBI Takeover Regulations. • Fair Valuation Certificate from Chartered Accountant indicating th
Related Questions
- Do NRIs require permission to transfer any commercial property to a person of Indian origin resident outside India/Non-resident Indian?
- What if the transfer of shares from resident to non-resident does not fall under the above categories?
- What if the transfer from resident to non-resident does not fall under the above facility?
