Single format · FV08-L6-1

Cross-border share purchase closing checklist

A single format from the Acquiring an Indian Company from a Non-resident, and Selling to One, The Transaction Map pack. NDI Rules 2019 · FEMA 395/2019-RB · Companies Act 2013 · ITA 2025.

Length
3 pages
Blanks to fill
40
Files
Word and PDF
Law stated to
16 September 2026

What it covers

  1. 1Cross-border share purchase closing checklistNDI Rules 2019 · FEMA 395/2019-RB · Companies Act 2013 · ITA 202540 blanks

Read the opening

The first part of the format, 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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