https://www.taxtmi.com/circulars?id=5868 The circular revises reporting for sale transfers of shares, CMCPS and debentures between residents and non residents by mandating use of Form FC TRS with specified supporting documents and AD branch certification; requires KYC verification by the remittance receiving AD bank and submission of the FC TRS in quadruplicate within sixty days of receipt of consideration, places onus of timely filing on resident transferor/transferee, maintains prior RBI approval for deferred payment transactions and updates consolidated inflow/outflow reporting proformas submitted to the Reserve Bank. en-us Wed, 22 Apr 2009 00:00:00 +0530 Fri, 30 Oct 2009 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5868 The circular revises reporting for sale transfers of shares, CMCPS and debentures between residents and non residents by mandating use of Form FC TRS with specified supporting documents and AD branch certification; requires KYC verification by the remittance receiving AD bank and submission of the FC TRS in quadruplicate within sixty days of receipt of consideration, places onus of timely filing on resident transferor/transferee, maintains prior RBI approval for deferred payment transactions and updates consolidated inflow/outflow reporting proformas submitted to the Reserve Bank. Circulars FEMA Wed, 22 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5868