https://www.taxtmi.com/circulars?id=52536 Transfers of shares in financial sector investee companies from residents to non residents no longer require filing of No Objection Certificate (NoC) with form FC TRS under the Foreign Exchange Management regime; however, any fit and proper/due diligence requirements imposed by the sectoral regulator for the non resident investor must still be observed and complied with. en-us Mon, 11 Nov 2013 00:00:00 +0530 Tue, 12 Nov 2013 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52536 Transfers of shares in financial sector investee companies from residents to non residents no longer require filing of No Objection Certificate (NoC) with form FC TRS under the Foreign Exchange Management regime; however, any fit and proper/due diligence requirements imposed by the sectoral regulator for the non resident investor must still be observed and complied with. Circulars FEMA Mon, 11 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52536