https://www.taxtmi.com/forum/issue?id=1651 Transfer of shares between foreign shareholders in an Indian private limited company is generally permissible but subject to FDI policy compliance, sectoral or percentage based ownership restrictions, and applicable FEMA rules; transfers may also attract Income Tax consequences, so parties should verify approval requirements and tax obligations before completing the transaction. en-us Mon, 14 Dec 2009 10:01:46 +0530 Thu, 23 Jan 2025 15:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1651 Transfer of shares between foreign shareholders in an Indian private limited company is generally permissible but subject to FDI policy compliance, sectoral or percentage based ownership restrictions, and applicable FEMA rules; transfers may also attract Income Tax consequences, so parties should verify approval requirements and tax obligations before completing the transaction. Discussion-Forum FEMA Mon, 14 Dec 2009 10:01:46 +0530 https://www.taxtmi.com/forum/issue?id=1651