Form FC-TRS

FEMA form filed with RBI within 60 days of transfer of shares between a resident and a non-resident, reporting consideration, number of shares transferred, and pricing. Filed through the AD Category-I bank.

Form FC-TRS is governed by the Foreign Exchange Management Act, 1999 and regulated by RBI. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.

Form FC-TRS is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with FEMA regulatory matters in India.