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<h1>Form FC-TRS: Submit Within 60 Days for Share Transfers Between Residents and Non-Residents Under FEMA Regulations</h1> Form FC-TRS is a declaration form for the transfer of shares, compulsorily and mandatorily convertible preference shares (CMCPS), debentures, or other financial instruments between residents and non-residents. It must be submitted to the designated AD branch within 60 days of fund receipt. The form requires various documents, including a consent letter, shareholding pattern, fair value certificate, and declarations of compliance with FDI policy. It also includes details about the transaction, buyer, and seller. The form ensures adherence to FEMA regulations and Reserve Bank guidelines, with a certificate from the AD branch confirming the application's completeness.
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