transfer of shares

[neela kandan]

A private limited company's member wants to transfer his shares to a foreign company for creating a subsidiary of his company -Kindly list out the procedures

[DR.MARIAPPAN GOVINDARAJAN]

Better to approach the practising Company Secretaries.

AI Summary

Transfer of shares to a foreign company requires procedural compliance; seek company secretary guidance for cross-border transfers. A private company member proposes transferring shares to a foreign company to make it a subsidiary; the legal focus is on cross-border share transfer procedures, constitutional and regulatory compliance, and required filings. The sole practical advice given is to consult a practising company secretary for procedural guidance and to ensure adherence to corporate governance and regulatory obligations.