https://www.taxtmi.com/circulars?id=2105 Transfers of shares/convertible debentures between residents and non-residents are placed under general permission subject to conditions: transfers from residents to non-residents in automatic-route sectors (excluding financial services) require no prior Government approval if takeover rules are not attracted, post-transfer holdings comply with sectoral caps, and pricing follows SEBI/RBI guidelines. RBI grants general permission for private-sale transfers in both directions (except resident-to-non-resident in financial services) subject to Annex terms on pricing, documentation (FC-TRS, CA valuation, consent letters), payment/remittance procedures and reporting by ADs. en-us Mon, 04 Oct 2004 00:00:00 +0530 Sat, 04 Oct 2008 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2105 Transfers of shares/convertible debentures between residents and non-residents are placed under general permission subject to conditions: transfers from residents to non-residents in automatic-route sectors (excluding financial services) require no prior Government approval if takeover rules are not attracted, post-transfer holdings comply with sectoral caps, and pricing follows SEBI/RBI guidelines. RBI grants general permission for private-sale transfers in both directions (except resident-to-non-resident in financial services) subject to Annex terms on pricing, documentation (FC-TRS, CA valuation, consent letters), payment/remittance procedures and reporting by ADs. Circulars FEMA Mon, 04 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2105