{"id":10855,"date":"2021-02-09T01:27:05","date_gmt":"2021-02-08T19:57:05","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=10855"},"modified":"2022-02-08T18:06:15","modified_gmt":"2022-02-08T12:36:15","slug":"basic-document-filing-fc-gpr-form-with-rbi","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/basic-document-filing-fc-gpr-form-with-rbi\/","title":{"rendered":"All About filing FC-TRS form"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e7b393f3393\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e7b393f3393\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/basic-document-filing-fc-gpr-form-with-rbi\/#ALL_about_the_FC_TRS\" title=\"ALL about the FC TRS\u00a0\">ALL about the FC TRS\u00a0<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/basic-document-filing-fc-gpr-form-with-rbi\/#Transfer_of_shares_for_consideration\" title=\"Transfer of shares for consideration: \">Transfer of shares for consideration: <\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/basic-document-filing-fc-gpr-form-with-rbi\/#List_of_Documents_required_to_file_form_FC_TRS_with_RBI\" title=\"List of Documents required to file form FC TRS with RBI:\u00a0 \">List of Documents required to file form FC TRS with RBI:\u00a0 <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/basic-document-filing-fc-gpr-form-with-rbi\/#Transfer_of_shares_without_consideration\" title=\"Transfer of shares without consideration: \">Transfer of shares without consideration: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/basic-document-filing-fc-gpr-form-with-rbi\/#Transfer_by_way_of_gift_by_Resident_to_Non-Resident\" title=\"Transfer by way of gift by Resident to Non-Resident:\">Transfer by way of gift by Resident to Non-Resident:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/basic-document-filing-fc-gpr-form-with-rbi\/#List_of_Documents_required_to_file_form_FCTRS_with_RBI\" title=\"List of Documents required to file form FCTRS with RBI: \u00a0\">List of Documents required to file form FCTRS with RBI: \u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/basic-document-filing-fc-gpr-form-with-rbi\/#The_basic_documents_required_for_filing_form_FCTRS_are\" title=\"The basic documents required for filing form FCTRS are :\">The basic documents required for filing form FCTRS are :<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/basic-document-filing-fc-gpr-form-with-rbi\/#Filling_of_filing_FC-GPR_form\" title=\"Filling of filing FC-GPR form\">Filling of filing FC-GPR form<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/basic-document-filing-fc-gpr-form-with-rbi\/#Basic_Requirements_for_FCGPR\" title=\"Basic Requirements for FCGPR:-\">Basic Requirements for FCGPR:-<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/basic-document-filing-fc-gpr-form-with-rbi\/#payment_banks_an_overview\" title=\"payment banks an overview\">payment banks an overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/basic-document-filing-fc-gpr-form-with-rbi\/#Last_date_of_DIN_KYC_Has_been_extended\" title=\"Last date of DIN KYC Has been extended\">Last date of DIN KYC Has been extended<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><a style=\"font-size: 16px;\" href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/11filing-FC-TRS-form-with-RBI_1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-11216\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/11filing-FC-TRS-form-with-RBI_1.jpg\" alt=\"www.carajput.com; RBI FC-TRS\" width=\"825\" height=\"431\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/11filing-FC-TRS-form-with-RBI_1.jpg 310w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/11filing-FC-TRS-form-with-RBI_1-300x157.jpg 300w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/a><\/h2>\n<p>www.carajput.com; RBI FC-TRS<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ALL_about_the_FC_TRS\"><\/span><span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/carajput.com\/archives\/all-about-the-filling-of-fctrg-foreign-currency-transfer-of-shares-.pdf\">ALL about the FC TRS\u00a0<\/a><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Transfer_of_shares_for_consideration\"><\/span><span style=\"color: #000080;\"><strong>Transfer of shares for consideration: <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>If you are transferring shares for consideration, then you need to file from FCTRS within 60 days of share transfer for which the brief of documents required is provided in the trailing mail.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"List_of_Documents_required_to_file_form_FC_TRS_with_RBI\"><\/span><span style=\"color: #000080;\"><strong>List of Documents required to file form FC TRS with RBI:\u00a0 <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Buyer &amp; Seller Consent Letter: we required a Consent letter for receipt\/ transfer of consideration duly signed by the buyer &amp; seller.<\/li>\n<li>Shareholding Pattern: shareholding pattern of investee <a href=\"https:\/\/www.caindelhiindia.com\/blog\/why-needed-to-register-a-private-limited-company\/\">company <\/a>before &amp; after the acquisition of securities by a person resident outside India.<\/li>\n<li>Needed the Transfer agreement: Relevant extracts of the transfer agreement along with the consent letter between buyer and seller. For sale\/ purchase on a stock exchange, the contract note may be attached, at \u201cValuation certificate\/ Transfer agreement\u201d<\/li>\n<li>Transfer agreement\/ Valuation certificate: valuation certificate as per FEMA 20 (R) to be attached at \u201cTransfer agreement\/ Valuation certificate\u201d.<\/li>\n<li>Declaration from Buyer of Securities:\u00a0Declaration from the buyer to the effect that he is eligible to acquire shares\/compulsorily and mandatorily convertible preference shares\/debentures under FDI policy.<\/li>\n<li>Declaration by the Non-resident:\u00a0required the declaration from the non-resident transferee as per the format provided by the RBI in their SMF- user manual.<\/li>\n<li>Required company Board Resolution:\u00a0Needed the Board Resolution of Investee Company to approve &amp; ack the securities transfer.<\/li>\n<li>Needed Transfer Deed:\u00a0we required (form SH 4) Securities Transfer Deed.<\/li>\n<li>Outward Remittance copy\/FIRC:\u00a0 Outward remittance certificate FIRC &amp; KYC to be attached at the specified attachment.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Transfer_of_shares_without_consideration\"><\/span><span style=\"color: #000080;\"><strong>Transfer of shares without consideration: <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>In this case, the approval of <a href=\"https:\/\/carajput.com\/blog\/rbi-allowed-offline-small-digital-payments-mode-upto-rs-2k\/\">RBI<\/a> is required, and it will take 1.5 months to 2 months time depending upon the AD Bank.<\/li>\n<li>After getting the RBI approval we need to file Form FCTRS with RBI for reporting the transfer of shares.<\/li>\n<li>In case you are transferring the shares without consideration then you need to comply with tax provisions as well which we can discuss later.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Transfer_by_way_of_gift_by_Resident_to_Non-Resident\"><\/span><span style=\"color: #000080;\"><strong>Transfer by way of gift by Resident to Non-Resident:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This requires prior approval of the Reserve Bank of India and such approval is subject to the following conditions:<\/p>\n<ul>\n<li>The applicable sectoral cap in the Indian company is not breached.<\/li>\n<li>The Donor &amp; Donee shall be \u201crelatives\u201d within the meaning section 2(77) of the Companies Act, 2013;<\/li>\n<li>The Donee is eligible to hold such a security under foreign direct investment Rules as amended from time to time;<\/li>\n<li>The gift does not exceed five percent of the paid-up capital of the Indian company or each series of debentures.<\/li>\n<li>The value of security to be transferred by the transferor together with any security transferred to any<a href=\"https:\/\/carajput.com\/blog\/category\/nri\/\"> Non-Resident<\/a> as a gift during the financial year does not exceed the rupee equivalent of USD 50,000;<\/li>\n<li>Such other conditions as considered necessary in the public interest by the Central Government.<\/li>\n<\/ul>\n<p>Please confirm your AD Bank also in the upcoming email.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"List_of_Documents_required_to_file_form_FCTRS_with_RBI\"><\/span><strong><span style=\"color: #000080;\">List of Documents required to file form FCTRS with RBI:<\/span> \u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The person can transfer the shares by way of a gift to his daughter. For the compliance part, we need to file from FCTRS with RBI.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_basic_documents_required_for_filing_form_FCTRS_are\"><\/span><span style=\"color: #800080;\"><strong>The basic documents required for filing form FCTRS are :<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Declaration by Non-Resident Transferor or Transferee in the prescribed Format<\/li>\n<li>Consent Letter between both donor and done,<\/li>\n<li>Pre and post Transaction shareholding pattern<\/li>\n<li>Board resolution for Transfer of Shares<\/li>\n<li>share certificate and share transfer form<\/li>\n<li>Gift deed<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Filling_of_filing_FC-GPR_form\"><\/span><span style=\"color: #000080;\"><strong>Filling of filing FC-GPR form<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<figure id=\"attachment_11217\" aria-describedby=\"caption-attachment-11217\" style=\"width: 834px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/images-2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-11217\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/images-2.jpg\" alt=\"www.carajput.com; RBI FC-GRP\" width=\"834\" height=\"429\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/images-2.jpg 313w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/images-2-300x154.jpg 300w\" sizes=\"(max-width: 834px) 100vw, 834px\" \/><\/a><figcaption id=\"caption-attachment-11217\" class=\"wp-caption-text\">www.carajput.com; RBI FC-GRP<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Basic_Requirements_for_FCGPR\"><\/span><span style=\"color: #000080;\"><strong>Basic Requirements for FCGPR:-<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>1) Valuation Report<\/p>\n<p>2) Company Secretary Certificate of Compliances<\/p>\n<p>3) Digital Signature Certificate (DSC) of the Managing Director\/Director\/Secretary of the Company, who have been authorized for the purpose<\/p>\n<p>4) Transaction Details viz. Scheme of Amalgamation, Copy of Order of Amalgamation, List of Shareholders, Board Resolution, and other Secretarial records relating to a transaction, etc.<\/p>\n<p>Note:<\/p>\n<p>1) Complete requirements would be provided once scheme of Amalgamation and List of Proposed shareholders comprising of Name, Complete Foreign Address, Constitution is provided<\/p>\n<p>2) Requirements referred in 1 &amp; 2 above may be complied with at our end on an additional fee if required.<\/p>\n<p>I hope you will find the above in order. can reach me at <a href=\"tel:+919555555480\">9555555480<\/a> WhatsApp no or email at <a href=\"mailto:singh@carajput.com\">singh@carajput.com<\/a>.\u00a0If you have any questions, please contact us.<\/p>\n<p>Popular blog:-<\/p>\n<ul>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"payment_banks_an_overview\"><\/span><a href=\"https:\/\/www.caindelhiindia.com\/blog\/payment-banks-an-overview-2\/\">payment banks an overview<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Last_date_of_DIN_KYC_Has_been_extended\"><\/span><a href=\"https:\/\/carajput.com\/learn\/last-date-of-din-kyc-update-has-been-extended.html\">Last date of DIN KYC Has been extended<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>www.carajput.com; RBI FC-TRS ALL about the FC TRS\u00a0 Transfer of shares for consideration: If you are transferring shares for consideration, then you need to file from FCTRS within 60 days of share transfer for which the brief of documents required is provided in the trailing mail. List of Documents required to file form FC TRS &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[9825,9824,9826],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/10855"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=10855"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/10855\/revisions"}],"predecessor-version":[{"id":21918,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/10855\/revisions\/21918"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=10855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=10855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=10855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}