Get Form Fc-trs Declaration Regarding Transfer Of ... - Legal Pundits

Filling out the Form FC-TRS Declaration Regarding Transfer Of Shares is an essential step for users engaging in share transfers between residents and non-residents. This guide provides clear, step-by-step instructions to assist users in completing this form accurately and efficiently.

Follow the steps to fill out the form correctly.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter the name of the company in the designated field along with its address, including email and telephone number. Provide the activity and NIC code number for the company.
3. Indicate whether foreign direct investment (FDI) is allowed under the automatic route and specify the sectoral cap under the FDI policy.
4. Select the nature of the transaction by ticking the appropriate option: transfer from resident to non-resident or transfer from non-resident to resident.
5. Fill in the details of the buyer, including their name, category (Individual or Company), date and place of incorporation, and their address with contact information.
6. Provide the details of the seller similarly, including their name and relevant contact information.
7. Document particulars of any earlier Reserve Bank or Foreign Investment Promotion Board approvals as applicable.
8. Input the details of the shares or convertible debentures being transferred, including the date of the transaction, number of shares, face value, and percentage.
9. List foreign investments in the company including details before and after the transfer and the negotiated price for the transfer consideration.
10. If applicable, complete the section regarding where the shares are listed, specifying the stock exchange name and the quoted price or valuation details.
11. Read and sign the declaration section to confirm the correctness of the provided information and submissions.
12. After completing the form, save the changes and choose to download, print, or share the document as needed.

Get started with completing your Form FC-TRS online today!