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of <h1>Notification Process for Foreign Share Transfer Under Companies Act, 1956: Detailed Info Required on Parties and Compliance</h1> The form and procedure for notifying the Central Government about the proposal to transfer shares of foreign companies under the Companies Act, 1956. It requires detailed information about the transferor, transferee, and the company whose shares are being transferred, including shareholding patterns, board composition, financial details, and compliance with relevant laws such as the Foreign Exchange Regulation Act. The form also necessitates disclosures about the valuation of assets, the purpose of the transfer, and any potential changes in board composition. The application must be completed in triplicate and include various financial statements and payment of fees.
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