https://www.taxtmi.com/circulars?id=11369 The circular permits certain share transfers without prior RBI approval where conditions are met: compliance with extant FDI policy and FEMA sectoral caps/conditions; pricing conformity with relevant SEBI regulations; and attachment of a Chartered Accountant's certificate to form FC-TRS filed with the AD bank. Resident-to-nonresident transfers require either prior FIPB approval plus RBI pricing/documentation compliance, adherence to SEBI (SAST) obligations with RBI requirements, or, where FEMA pricing is not met, FDI/SEBI compliance and CA certification. Transfers involving financial sector investees require NOCs from relevant financial regulators and adherence to FDI/FEMA conditions. en-us Fri, 04 Nov 2011 00:00:00 +0530 Fri, 04 Nov 2011 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11369 The circular permits certain share transfers without prior RBI approval where conditions are met: compliance with extant FDI policy and FEMA sectoral caps/conditions; pricing conformity with relevant SEBI regulations; and attachment of a Chartered Accountant's certificate to form FC-TRS filed with the AD bank. Resident-to-nonresident transfers require either prior FIPB approval plus RBI pricing/documentation compliance, adherence to SEBI (SAST) obligations with RBI requirements, or, where FEMA pricing is not met, FDI/SEBI compliance and CA certification. Transfers involving financial sector investees require NOCs from relevant financial regulators and adherence to FDI/FEMA conditions. Circulars FEMA Fri, 04 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11369