FEMA approval declaration required in share transfer form; transferee must state whether approval is needed and enclosed. Amendment requires insertion of a declaration into Form No. SH-4 whereby the transferee must state either that government approval under the Foreign Exchange Management (Non-debt Instruments) Rules is not required prior to transfer, or that such approval is required, has been obtained, and is enclosed.
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FEMA approval declaration required in share transfer form; transferee must state whether approval is needed and enclosed.
Amendment requires insertion of a declaration into Form No. SH-4 whereby the transferee must state either that government approval under the Foreign Exchange Management (Non-debt Instruments) Rules is not required prior to transfer, or that such approval is required, has been obtained, and is enclosed.
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