Formation of subsidiary company

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....ormation of subsidiary company<br> Query (Issue) Started By: - Gopalarathnam Muralidharan Dated:- 8-10-2014 Last Reply Date:- 6-3-2015 Corporate Laws / SEBI / LLP<br>Got 1 Reply<br>Companies Law<br>De....

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....ar Sir a) My client is Indian Private limited co., dealing in Trading of plastic granules imported from abroad as well as in India b) Its shares to the extent of 99&#37; are held by foreign national....

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..... c) The foreign national is a director in a Dubai based company which also deals in trading of plastic granules. d) The foreign national got necessary approval from RBI for infusion of capital e) ....

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....Now he wants to transfer his shares in favour of Dubai based company so as to make Indian Private Limited co., as wholly owned subsidiary of Dubai co. Now my question is whether the foreign national ....

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....can transfer his shares in favour of Dubai co., if so what are the procedures to be complied with Regards G Muralidharan Reply By MARIAPPAN GOVINDARAJAN: The Reply: It is better approach the Pract....

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....ising Company Secretary or Chartered Accountant for this purpose.<br> Discussion Forum - Knowledge Sharing ....