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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...


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