FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) REGULATIONS, 2000 (From Regulation 1 to Regulation SCHEDULE 11)
Cross-border securities transfer compliance requires declaration, documentation, KYC and authorised-dealer certification under FEMA regulations for resident-nonresident transactions. Annex F (Form FC-TRS) establishes a declaration and reporting procedure for transfers of shares, CMCPS, debentures or other instruments between residents and non-residents under FEMA 2000. It prescribes documentary requirements-consent letter/POA, post-acquisition shareholding pattern, CA valuation certificate, broker note if applicable, buyer/seller eligibility declarations, prior approvals where relevant, and tax clearance. The form requires transaction particulars, pre/post foreign-holding details, exchange listing or valuation pricing, a declarant's attestation, AD branch certification of compliance, a non-resident KYC form, and a proforma inflow/outflow statement for regulatory monitoring.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cross-border securities transfer compliance requires declaration, documentation, KYC and authorised-dealer certification under FEMA regulations for resident-nonresident transactions.
Annex F (Form FC-TRS) establishes a declaration and reporting procedure for transfers of shares, CMCPS, debentures or other instruments between residents and non-residents under FEMA 2000. It prescribes documentary requirements-consent letter/POA, post-acquisition shareholding pattern, CA valuation certificate, broker note if applicable, buyer/seller eligibility declarations, prior approvals where relevant, and tax clearance. The form requires transaction particulars, pre/post foreign-holding details, exchange listing or valuation pricing, a declarant's attestation, AD branch certification of compliance, a non-resident KYC form, and a proforma inflow/outflow statement for regulatory monitoring.
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