Bhojraj Baral (Advocate) 12 January 2009
BHANU RASPUTRA (ADVOCATE & SOLICITOR divyatta.r@gmail.com) 14 January 2009
meaning u have sold share to foreign company, then forign co. is purchaser . it is purchaser duty to comply with procedure . u have to inform reserve bank for money to be recived in india.
further ,it depnd on , through which STOCK EXCHANGE u have sold? if not , then as per above procedure. better to consult foreign stock boker.
Guest (Guest) 31 January 2009
See...There is no Compliances 2b made at RoC.
Form FC-TRS is to b filed at RBI through Regd AD (Bank) as this is a transfer from Resident to NRI. Then that Foreign Company will approach the Company whose shares it has taken requesting them to enter its name as a Shareholder of that Comp.
J Manivannan (Advocate & Consultant) 02 February 2009
FC-TRS form available at rbi portal.