Central Government approval for transfer of shares required; application must disclose parties, holdings, board changes and valuations. Application to the Central Government for approval of proposed transfers of equity shares in foreign companies requires identification of transferor(s) and transferee(s), particulars of the target company (registered office, capital, shares proposed), current and projected shareholding patterns, board composition and any resultant changes, and disclosure whether the target is or would become a dominant undertaking. The form mandates financing sources, broker/intermediary details, directors of corporate transferees, prior and post-acquisition holdings, asset valuation details and annexed break-up and yield-based valuation schedules, listing status, compliance with foreign exchange and Companies Act provisions, business lines, prescribed enclosures, and a statutory declaration.