Format pack, 2 formats · FV08-L6

Acquiring an Indian Company from a Non-resident, and Selling to One, The Transaction Map

The complete sequence for buying shares of an unlisted Indian company from a non-resident, or selling them to one, from term sheet to the last post-closing filing. Each step shows the law it comes from, the document it produces and the date it is due, and the chapter ends with the closing checklist and the resident buyer's withholding note.

Length
6 pages
Blanks to fill
95
Files
Word and PDF
Law stated to
16 September 2026

The 2 formats inside

  1. 1Cross-border share purchase closing checklistNDI Rules 2019 · FEMA 395/2019-RB · Companies Act 2013 · ITA 202540 blanksOn its own₹149
  2. 2Withholding note and certificate for a resident buyer paying a non-resident sellers.393(2) ITA 2025 · Rule 220 · Forms 145/14655 blanksOn its own₹149

Read the opening

The first part of “Cross-border share purchase closing checklist”, as it downloads. Blanks are highlighted.

Closing checklist · Target: [____] (CIN [____]) · Seller(s): [____] ([resident / non-resident]) · Buyer(s): [____] ([resident / non-resident]) · Sale shares: [____] ([__]%) · SPA dated [DD.MM.YYYY] · Completion date [DD.MM.YYYY]

A. Before completion — conditions precedent

#

Item

Responsible

Evidence

Done

A1

Party residential status matrix; repatriation / non-repatriation character of sale shares confirmed

Firm

Memo

[ ]

A2

Sector, route and cap check; post-transfer foreign holding [__]%

Firm

Sector note

[ ]

A3

Press Note 2: buyer's ownership chart to UBO; declaration; Government approval / FIFP prior report

Buyer / firm

[Approval no. / FIFP ack. / not applicable]

[ ]

A4

Sector regulator approval; CCI approval or exemption note

Counsel

[__]

[ ]

A5

FEMA diligence completed; target's defaults regularised or indemnified with escrow

Firm

Report dated [__]

[ ]

A6

Seller's acquisition evidence (FC-GPR / FC-TRS, FIRC); title; no encumbrance; demat statement

Seller

[__]

[ ]

A7

ROFR / tag waivers from other shareholders; articles amended if required (MGT-14)

Target

[__]

[ ]

5 more paragraphs and tables follow in the full format.

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