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I'm an Indian resident. I want to transfer the shares that I have held in my name to a foreigner. Can I do that?

Possible only if your business is in a sector where 100% FDI is allowed.

However, whenever an Indian resident transfers shares to a foreign resident/ company it should not be done at less than the present fair market value of the company.

Such transfer of shares comes under FEMA Compliance and hence, we need to file FC-TRS form ...


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