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    <title>FC-TRS under FEMA</title>
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    <description>Whether FC-TRS filing is required for transfers of shares from a non-resident to a resident when the shares were acquired by the non-resident under FEMA&#039;s special acquisition provision is questioned; the inquirer suggests FC-TRS is required only for shares held under the general holding provision and not for shares acquired under the special acquisition provision.</description>
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      <description>Whether FC-TRS filing is required for transfers of shares from a non-resident to a resident when the shares were acquired by the non-resident under FEMA&#039;s special acquisition provision is questioned; the inquirer suggests FC-TRS is required only for shares held under the general holding provision and not for shares acquired under the special acquisition provision.</description>
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