Foreign Direct Investment (FDI) in India – Reporting mechanism for transfer of equity shares/ fully and mandatorily convertible preference shares/ fully and mandatorily convertible debentures
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FC-TRS filing requirement: investee companies must file for transfers by non-resident buyers; banks may seek regulator approval for late filings. Where a non-resident investor acquires specified securities on an Indian stock exchange under the FDI scheme, the investee company must file form FC-TRS with the AD Category I bank; AD Category I banks may approach the Reserve Bank's Regional Office to regularise delayed FC-TRS submissions beyond the prescribed period and must continue consolidated monthly reporting of branch-level transactions as per existing instructions.
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.
FC-TRS filing requirement: investee companies must file for transfers by non-resident buyers; banks may seek regulator approval for late filings.
Where a non-resident investor acquires specified securities on an Indian stock exchange under the FDI scheme, the investee company must file form FC-TRS with the AD Category I bank; AD Category I banks may approach the Reserve Bank's Regional Office to regularise delayed FC-TRS submissions beyond the prescribed period and must continue consolidated monthly reporting of branch-level transactions as per existing instructions.
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