Transfer of shares from NR-NR

[gauri pawar]

Dear Friends,

Can anyone share the procedure and documents for transfer of shares 100 shares worth INR 1000 from a NON-resident to Non-resident.

Best Regards,

Gauri
+91 9821 786 075

[Sowjanya Reddy]

Hi

As per sections 5 and 8.B.I of the Master Circular on Foreign Investment in India (July 1st, 2013),  pricing guidelines are not applicable to the transfers of an Indian company's shares between non-residents. The pricing guidelines, which fix the notion of 'fair value', is designed to protect Indian parties. Since a transaction between non-residents does not involve any Indian parties, there is no minimum or maximum limit in the consideration for the transfer.

ensure SH4 is executed and the stamp duty @0.25% on consideration amount is paid for approval of transfer.

learned members are requested to confirm

Read more at: http://www.caclubindia.com/forum/transfer-of-equity-shares-from-non-resident-to-non-resident-280066.asp

[Deepti Jairaj]

In case of transfer of shares from NR to NR, is it mandatory to mention consideration on SH4 based on the valuation report or the consideration amount can be different than the amount mentioned in valuation report?

Please share your views on this