Form of intimation to the Central Government of the proposal to transfer shares: Form of application for approval of the Central Government for transfer of shares of Foreign Companies

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....paid-up equity share capital of the company whose shares are proposed to be transferred.           (c) The number, nominal value and other particulars of shares that are proposed to be transferred. 4. Composition of the board of directors of the company whose shares are proposed to be transferred indicating nominees, if any, of the transferor 5. Whether the company whose shares are proposed to be transferred, is a dominant undertaking 6. Whether the applicant is the owner in relation to a dominant undertaking or would be, as a result of such transfer of shares, the owner of a dominant undertaking as defined in section 2(d) of the Monopolies and Restrictive Trade Practices Act, 1969. If so, the particulars thereof 7. Shareholding pattern of investee company in the following form: No. of equity shares held (existing/after) Percentage to equity capital (existing/after)      (i) Financial institutions. If the transferor is a constituent of a group, the present holding of the group to which the transferor belongs may be indicated.      (ii) Non-residents (individuals, foreign ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....as per the latest balance sheet of the company whose shares are proposed to be transferred as calculated in Annexure I.      (b) Value of shares based on yield basis as calculated in Annexure II. 18. Whether the proposed transfer of shares will result any change in the composition of the board of directors of the company whose shares are proposed to be transferred. If so, the details thereof.      19. (a) Whether the approval under the Foreign Exchange Regulation Act, 1973, is needed for the transfer of shares. If so, whether necessary approval has been obtained. A copy of the said approval may be enclosed.       (b) Whether the provisions of section 372(4) of the Companies Act, 1956, or the provisions of any other law are applicable in respect of the above transactions. If so, whether they have been complied with. Please give particulars.      (c) Whether clauses 40A and 40B of listing agreement of stock exchange are applicable? Please give particulars.     (d) Indicate the relevant clauses of memorandum of association and articles of association for the proposal. ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Miscellaneous expenditure to the extent not written off (b) Debit balance of profit and loss account (c) Arrears of depreciation not provided for (d) Contingent liabilities such as .................. .................. .................. .................. (i) Gratuity, taxes, etc., with details .................. (ii) Dividends proposed to be paid out of reserves .................. (iii) Income-tax liability not provided for ..................     ------------- Total net worth                                                                                  A ------------- Preference capital                 &....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....p;  ending Profit (after depreciation but before tax and after                  providing for development rebate reserve)                      ..............         ...............          .............. Add: Development rebate reserve                             ..............         ...............           ............. Loss on sale of assets and any item of                                 expenditure of non-recurring nature.               &....