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of <h1>FDI Reporting: Non-Residents Can Buy Indian Shares via Brokers; FC-TRS Filing Required for Equity Transfer.</h1> The circular outlines the reporting mechanism for the transfer of equity shares, fully and mandatorily convertible preference shares, and debentures under the Foreign Direct Investment (FDI) scheme in India. Non-residents, including Non-Resident Indians, can acquire shares on Indian stock exchanges through registered brokers. The investee company must file form FC-TRS with the Authorized Dealer Category-I bank. For delays beyond 60 days, the bank may seek regularization from the Reserve Bank of India's Regional Office. The existing consolidated reporting requirements remain unchanged, and these directions are effective immediately under the Foreign Exchange Management Act, 1999.
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