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Hong Kong to India · Valuation

Valuing shares issued to or bought from a Hong Kong parent

CA Utsav Dogra, Chartered Accountant, ICAI M. No. 542375 · Updated

In brief

Shares issued to a Hong Kong investor may not be priced below fair value, and when a resident buys shares from that investor the price may not exceed fair value. Fair value uses an internationally accepted method, certified by a Chartered Accountant, a SEBI-registered merchant banker or a registered valuer depending on the case.

What is specific to Hong Kong companies

Approval conditions can affect pricing and later transfers; check the approval letter before any share movement.

Our services

How SU and Company helps

We review ownership chains and set up the investment route that fits them.

  • Ownership and look-through analysis
  • Choice of direct or holding-company route
  • FEMA filings for NRI- or resident-linked structures
  • Treaty eligibility documentation on the Indian side
Send a queryFEMA and RBI reporting

Questions

Is a valuation needed at incorporation?

Subscription to the memorandum at face value on incorporation does not need a valuation. Later issues do.

General information as at 5 November 2026, not advice for a particular case. Indian and Hong Kong rules change often; confirm the current position before acting. Hong Kong law points should be confirmed with a Hong Kong adviser.

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