Information

Foreign Currency Transfer ( FC - TRS )

Every transfer of Securities between Non - Resident and Resident shall require prior approval of RBI. Such reporting shall be made in Form FC - TRS. Such form shall be filed within 60 days from the date of receipt of the amount of consideration with Authorised Dealer Category - I Bank

The obligation of submission of the Form FC-TRS within the given timeframe would be on the transferor/ transferee, resident in India.

Download FC-TRS Form

List of Documents :-

  • Certificate indicating fair value of shares from a SEBI registered category / Merchant Banker / Chartered Accountant
  • Broker Note incase of Sale or Purchase from exchange
  • Declaration from the Non Resident buyer that he is eligible to acquire shares / mandatorily convertible preference shares / Debentures / other under FDI Policy and pricing guidelines to be complied
  • Extract of Share Purchase Agreement containing : Name of Buyer & Seller, Name of Investee Company, No. Of shares & Price of Shares transfered, Mode of transfer, date of transfer , other such details
  • If Non Resident Indian is a seller, submit copies of RBI approvals, if applicable, evidencing the shares held by them repatriation basis / non repatriation basis
  • No Objection / Tax Clearance certificate from Income Tax Authority / Chartered Accountant
  • RBI Approval Letter
  • Power of Attorney (if signatory is an agent)
Information

Foreign Currency Transfer ( FC - TRS )

Every transfer of Securities between Non - Resident and Resident shall require prior approval of RBI. Such reporting shall be made in Form FC - TRS. Such form shall be filed within 60 days from the date of receipt of the amount of consideration with Authorised Dealer Category - I Bank

The obligation of submission of the Form FC-TRS within the given timeframe would be on the transferor/ transferee, resident in India.

Download FC-TRS Form

  • Certificate indicating fair value of shares from a SEBI registered category / Merchant Banker / Chartered Accountant
  • Broker Note incase of Sale or Purchase from exchange
  • Declaration from the Non Resident buyer that he is eligible to acquire shares / mandatorily convertible preference shares / Debentures / other under FDI Policy and pricing guidelines to be complied
  • Extract of Share Purchase Agreement containing : Name of Buyer & Seller, Name of Investee Company, No. Of shares & Price of Shares transfered, Mode of transfer, date of transfer , other such details
  • If Non Resident Indian is a seller, submit copies of RBI approvals, if applicable, evidencing the shares held by them repatriation basis / non repatriation basis
  • No Objection / Tax Clearance certificate from Income Tax Authority / Chartered Accountant
  • RBI Approval Letter
  • Power of Attorney (if signatory is an agent)