MCA tweaks Form SH.4 to include a declaration from transferee that no Govt. approval is required under FEMA (NDI) rules

The MCA has notified the Companies (Share Capital and Debentures) Amendment Rules, 2022 whereby ‘Securities Transfer Form’ i.e. Form SH-4 has been revised to include a declaration from the transferee that “no Govt. approval is required under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 prior to the transfer of shares or where the transferee is required to obtain the Govt. approval prior to the transfer of shares, the same has been obtained and enclosed herewith the form.”The MCA has notified the Companies (Share Capital and Debentures) Amendment Rules, 2022 whereby ‘Securities Transfer Form’ i.e. Form SH-4 has been revised to include a declaration from the transferee that “no Govt. approval is required under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 prior to the transfer of shares or where the transferee is required to obtain the Govt. approval prior to the transfer of shares, the same has been obtained and enclosed herewith the form.”taxmann.com Latest Statutory HappeningsRead More

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