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Form FC-TRS Declaration regarding transfer of shares / compulsorily and mandatory convertible preference shares (CM CPS) / debentures by way of sale from resident to non-resident / non-resident to.

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How to fill out the Form Fc Trs Word Format online

Filling out the Form Fc Trs Word Format is an essential step for transferring shares, compulsorily and mandatorily convertible preference shares, or debentures between residents and non-residents. This guide aims to provide clear instructions on how to accurately complete the form online.

Follow the steps to complete the form successfully.

  1. Click ‘Get Form’ button to access the form. Ensure it opens in a suitable editor for completion.
  2. Fill in the name of the company, its address (including email, telephone number, and fax number), and the activity along with the NIC code number.
  3. Indicate whether Foreign Direct Investment (FDI) is allowed under the automatic route and note the sectoral cap under the FDI policy.
  4. Specify the nature of the transaction by selecting either 'Transfer from resident to non-resident' or 'Transfer from non-resident to resident'.
  5. Provide the buyer's details, including name, constitution (type of investing entity), and date and place of incorporation. Include contact information.
  6. Enter the seller's details in the same manner as the buyer, indicating whether they are an individual, company, or other specified types.
  7. List any prior approvals from the Reserve Bank or FIPB that are relevant to this transaction.
  8. Detail the shares, compulsorily and mandatorily convertible preference shares, or debentures being transferred, including transaction date, number of shares, face value, and the negotiated amount.
  9. If applicable, note whether the shares or debentures are listed on a stock exchange, and provide the name of the stock exchange and the quoted price.
  10. Complete the declaration by indicating that the information provided is truthful and adheres to relevant FDI policies, ensuring all necessary signatures are included.
  11. Once all sections are filled, review the form for accuracy. Save changes, download a copy, print, or share the completed form as required.

Complete your documentation online with confidence and ensure a smooth transfer process.

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Documents Required : Certificate of Fair Value by Charted Accountant. Securities Transfer Deed, (SH4 Form). FIRC and KYC obtained from AD Category- I Bank. Securities purchase agreement. Signed Consent letter for transfer of Shares between buyer and seller.

The literal full form of Form FC-TRS is Foreign Currency Transfer. It is a form used by shareholder resident outside India and resident Indian or vice versa when they transfer their shares. The form FC-TRS along with the Form FC-GPR will be submitted to its authorized dealer bank, who will submit the same to the RBI.

What is FC-TRS Filing? The full form of Form FC-TRS is Foreign Currency Transfer. This is a type of Form FC-TRS which is filed, In case of transfer of shares or convertible debentures of an Indian Corporation from a resident to a Non-Resident/Non-Resident Indian and vice versa by means of sale.

Who is responsible for filing the Form-FC-TRS? The onus of filing the Form FC-TRS is on the Indian resident whether transferor or transferee. However, In the case where the Non-Resident investor, acquires shares on the stock exchanges, the responsibility of filing the form FC-TRS is on Investee Company.

The transaction for transfer is reported in Form FC-TRS to the Authorized Dealer Bank within 60 days of transfer of capital instruments or receipt/remittance of funds whichever is earlier.

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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