Ask an expert! Legal, accounting and compliance advice from qualified professionals.

Share Details


Your Question has been submitted.

The Counsel team is processing your question and connecting to the best suited professional from the community to have it answered. We’ll get back with an answer shortly.

I'm an Indian and own majority shares in an Indian Private limited company. One of the shareholders of the company is a foreigner and wants to transfer his shares to another foreigner. Can I prevent this transaction as a majority shareholder of the company

Selling Shares at a price lesser than fair market value:

An Indian resident cannot transfer the shares to a foreign resident/ company at a price lesser than fair market value and has to comply with FEMA rules. However, a foreigner transferring shares to another foreign resident/ company is exempt from these rules and you cannot legally preve...

View answer

Looking to hire a professional from our handpicked community?

Explore our services, submit your request and let us do the rest for you.

Get started