In today’s globalized world, businesses often involve foreign investments. The Foreign Currency – Transfer of Shares (FC-TRS) form is required for transferring shares between Residents & Non-Residents under FEMA regulations.
🔹 When is FC-TRS Required?
✔ Transfer of shares from a resident to a non-resident (foreign investor).
✔ Transfer of shares from a non-resident to a resident (repatriation of investment).
🔹 Key Compliance Points:
✔ Must be filed with RBI through the FIRMS portal within 60 days of transfer.
✔ Pricing must comply with RBI’s valuation guidelines.
✔Approval may be required in certain cases, like sectoral restrictions.