What is Form FC-TRS?
Form FC-TRS is filed for transfer of equity instruments between:
Regulations/Master Directions Applicable:
Who is required to file Form FC-TRS?
The resident transferor / transferee or the person resident outside India holding equity instruments on a non-repatriable basis, as the case may be.
Which transactions to be reported in Form FC-TRS:
Transactions not to be reported in Form FC-TRS:
Transfer of equity instruments in accordance with the rules by way of sale between a person resident outside India holding equity instruments on a non-repatriable basis and person resident in India.
Due date of filing:
The form FC-TRS shall be filed within sixty (60) days of transfer of equity instruments or receipt / remittance of funds whichever is earlier.
Form FC- TRS Filing Process:
FIRMS is an online portal for reporting of foreign investment into India. It facilitates filing of Single Master Form (SMF) which provides for the reporting of 9 forms for foreign investment viz., FC-GPR, FC-TRS, LLP-I, LLP-II, CN, DRR, ESOP, DI and InVi. For filing of Form FC-TRS, following steps need to be taken:
List of documents to be submitted along with Form FC- TRS:
(A) For Transfer by way of Gift:
(B) For transfer by way of sale (Private Arrangement) :
(C) For transfer by way of sale (On Stock Exchange):
Late Submission Fee (LSF) Matrix for Reporting Delays, wherever applicable:
Notes:
Disclaimer: The information contained in this Article is intended solely for personal non-commercial use of the user who accepts full responsibility of its use. The information in the article is general in nature and should not be considered to be legal, tax, accounting, consulting or any other professional advice. We make no representation or warranty of any kind, express or implied regarding the accuracy, adequacy, reliability or completeness of any information on our page/article.