Get Ts Form 1

Filling out the Ts Form 1 is an essential step for non-residents wishing to transfer shares of a company registered in India. This guide provides a clear, step-by-step approach to help users complete the form accurately and efficiently.

Follow the steps to successfully complete the Ts Form 1 online.

1. Click the ‘Get Form’ button to access the form and open it in your editing tool.
2. Complete the part detailing the particulars of the transferor. If the transferor is a corporate body, provide the place of incorporation, total shareholding in the investee company, and particulars of any Reserve Bank approvals for acquiring or holding shares. For an individual transferor, include their full name, address, number of shares held, and any relevant Reserve Bank approval numbers and dates.
3. Fill in the particulars of the Indian company whose shares are being transferred. This includes the company's name, address, place of incorporation, and total paid-up capital, specifying the number of equity and preference shares held by both non-residents and residents.
4. Provide details of the buyers or transferees, including their name and address, and place of incorporation if applicable. Indicate whether the shares are quoted on a recognized Stock Exchange and if the sale will be executed on the floor of the Stock Exchange at the prevailing market price.
5. If the shares are listed but not regularly traded or if they are non-listed, state the proposed sale price. This should be accompanied by a certificate from a Chartered Accountant as outlined in the documentation section.
6. Indicate whether the transferor or transferee requires permission under the Companies Act or MRTP Act, and provide information on whether such permission has been received from the appropriate authority.
7. Explain the reason for the proposed sale or transfer of shares. Include any other relevant information that may support this application.
8. Declare that all particulars provided are true and correct to the best of your knowledge and belief. Include the date and place of signing, along with the stamp and signature of the transferor or transferee, as appropriate.
9. Once all sections are completed, ensure that you save your changes, then download, print, or share the completed form as needed.

Start filling out your Ts Form 1 online today to ensure a smooth transfer process.