TaxTMI 
TaxTMI 
Purchase of Shares of Indian Company held by a Foreign Company
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....urchase of Shares of Indian Company held by a Foreign Company<br> Query (Issue) Started By: - Venkatesan K Dated:- 3-2-2011 Last Reply Date:- 17-2-2011 FEMA<br>Got 2 Replies<br>FEMA<br>An individual i....
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....s proposing to purchase shares of an indian Unlisted company. the shares are held currently by a foreign company. if he has to purchase these shares, RBI has stipulated conditions for the valuation of....
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.... the shares. Kindly inform me about the procedure/formula. What other requirements are to be complied with on remittance abroad? Thank you, Venkatesan.K Reply By Anuj Gupta: The Reply: The valua....
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....tions of shares is to be done on the basis of DCF method. Also if the foreign Company has any capital gain then appropriate TDS u/s 195 needs to be deducted. Also Form FC-TRS is needed to be filed w....
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....ithin 60 days of the transaction to AD. Reply By Venkatesan K: The Reply: thank you sir!<br> Discussion Forum - Knowledge Sharing ....