As per valuation guidelines prescribed by RBI under the Foreign Exchange Management Act, 1999, the price for the transfer of shares by a non-resident to an Indian resident shall not be more than the fair value of shares
CS Executive · Corporate and Management Accounting · PYQS · June 2023
As per valuation guidelines prescribed by RBI under the Foreign Exchange Management Act, 1999, the price for the transfer of shares by a non-resident to an Indian resident shall not be more than the fair value of shares if the transfer of fund exceeds .........
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Valuation of Shares
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