Form No. Form FC-TRS - Declaration regarding transfer of shares / compulsorily and mandatorily convertible preference shares (CMCPS) / debentures /others by way of sale from resident to non resident / non-resident to resident
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Transfer of shares between resident and non resident requires FC TRS declaration, valuation, KYC and AD certification within 60 days. Form FC-TRS requires submission to the designated AD branch within 60 days and prescribes enclosures: consent letter, post-transfer shareholding pattern, CA valuation certificate, broker's note if exchange-traded, and buyer/FII declarations of eligibility and compliance with sectoral limits and pricing. It mandates disclosure of buyer/seller identity and constitution, transaction particulars (number, face value, negotiated price, consideration), pre and post transfer foreign investment percentages, listing/valuation details, and a category wise proforma of inflows/outflows. AD branch certification and non resident KYC are also required.
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.
Transfer of shares between resident and non resident requires FC TRS declaration, valuation, KYC and AD certification within 60 days.
Form FC-TRS requires submission to the designated AD branch within 60 days and prescribes enclosures: consent letter, post-transfer shareholding pattern, CA valuation certificate, broker's note if exchange-traded, and buyer/FII declarations of eligibility and compliance with sectoral limits and pricing. It mandates disclosure of buyer/seller identity and constitution, transaction particulars (number, face value, negotiated price, consideration), pre and post transfer foreign investment percentages, listing/valuation details, and a category wise proforma of inflows/outflows. AD branch certification and non resident KYC are also required.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.