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FCTRS Reporting for transfer of Shares of the Company

A person resident in India can transfer by way of sale, shares/ convertible debentures (including transfer of subscriber’s shares), of an Indian company under private arrangement to a person resident outside India, subject to the guidelines of RBI.

 

Also person resident outside India can transfer by way of sale, shares/ convertible debentures (including transfer of subscriber’s shares), of an Indian company under private arrangement to a person resident in India subject to guideliness issued by RBI.

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Market Price

20000/-

Instabizfilings Price

₹ 11016 excl. GST

₹ 12998 incl. GST

Complete Date

09-06-2024
  • You Save INR 7,000/- (44%) on the above Service.

    ROC Fees/Government Fees will be charged at actuals

    Late fees if any will be beared by the Client/Customer.

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Scope of Work:

  • 1. Preparation of documents; 

     

    2. Preparation of Form FC-TRS;

     

    3. Obtaining RBI Approval Certificate;

FAQs

1. Consent Letter between both donor and donee;

2. Pre and post Transaction shareholding pattern;

3. Board resolution for Transfer of Shares;

4. Share certificate and share transfer form.

FCTRS stands for Foreign Currency Transfer of Shares. RBI has specified Form FCTRS for making reporting of Transfer of Capital Instruments between a person resident in india and a person resident outside India.

The Form FC-TRS should be submitted to the AD Category – I bank, within 60 days from the date of receipt of the amount of consideration. The onus of submission of the Form FC-TRS within the given timeframe would be on the transferor / transferee, resident in India.

The company shall duly hold a board meeting as per Section 173 for approving the share transfer and passing the appropriate resolution.

FC-GPR is to filed when shares are issued to a non-resident whereas FC-TRS is filed when existing shares are transferred to a non-resident.

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