No, your ‘NO’ answer is not correct. However to sell in another country the shares must be converted via the relevant share registry. The mechanism for this will depend on the holding type eg. 1:1 shares, ADR’s etc.
Someone have SHARES in an Australian company also listed on NASDAQ.
Let us take an example. The shares are in an Australian company called Progen (sad story).
Your ‘someone’ has PGLA shares listed on NASDAQ, where they are slow trading and at risk of being delisted to go on the Pink Sheet Bulletin Board for future trading.
By contacting Computershare requesting the shares to be converted from PGLA to PGL your ‘someone’ can sell them on ASX. Other rules may apply for ADR’s. Contact the relevant share register for details.
Please also be aware that if they are with a US broker account the broker must also be involved in the transaction.
