{"id":3694,"date":"2018-02-01T10:39:43","date_gmt":"2018-02-01T05:09:43","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=3694"},"modified":"2024-01-22T18:06:27","modified_gmt":"2024-01-22T12:36:27","slug":"reporting-of-form-fc-trs-to-rbi","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/reporting-of-form-fc-trs-to-rbi\/","title":{"rendered":"Reporting of form fc-trs to rbi"},"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-69e9ab4848617\" 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-69e9ab4848617\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-2'><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-trs-to-rbi\/#REPORTING_OF_FORM_FC-TRS_TO_RBI\" title=\"REPORTING OF FORM FC-TRS TO RBI\">REPORTING OF FORM FC-TRS TO RBI<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-trs-to-rbi\/#What_is_RBI_Compliance_under_FORM-FC-TRS\" title=\"What is RBI Compliance under FORM-FC-TRS?\u00a0\">What is RBI Compliance under FORM-FC-TRS?\u00a0<\/a><\/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\/reporting-of-form-fc-trs-to-rbi\/#What_is_the_process_of_Form_FC-TRS\" title=\"What is the process of Form FC-TRS\u00a0\">What is the process of Form 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-4\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-trs-to-rbi\/#a_Download_form_from_Pre-filled_Form_FC-TRS_from_https_wwwebizgovin\" title=\"a) Download form from Pre-filled Form FC-TRS from\u00a0https:\/\/www.ebiz.gov.in\">a) Download form from Pre-filled Form FC-TRS from\u00a0https:\/\/www.ebiz.gov.in<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-trs-to-rbi\/#bFill_the_required_details_of_the_Investee_Company\" title=\"b)Fill the required details of the Investee Company\">b)Fill the required details of the Investee Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-trs-to-rbi\/#cEnter_the_details_of_the_Buyer\" title=\"c)Enter the details of the Buyer\">c)Enter the details of the Buyer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-trs-to-rbi\/#dDetails_of_the_Seller\" title=\"d)Details of the Seller\">d)Details of the Seller<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-trs-to-rbi\/#eEnter_the_details_of_the_Foreign_Investment_in_the_Company\" title=\"e)Enter the details of the Foreign Investment in the Company.\">e)Enter the details of the Foreign Investment in the Company.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-trs-to-rbi\/#fMandatory_Attachments\" title=\"f)Mandatory Attachments\">f)Mandatory Attachments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-trs-to-rbi\/#gOnce_the_form_is_completed_in_all_respects_without_any_error_the_Name_Designation_Place_and_Digital_Signature_of_the_Declarant_is_to_be_attached\" title=\"g)Once the form is completed in all respects without any error; the Name, Designation, Place, and Digital Signature of the Declarant is to be attached\">g)Once the form is completed in all respects without any error; the Name, Designation, Place, and Digital Signature of the Declarant is to be attached<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-trs-to-rbi\/#General_Instructions_for_filling_the_FC-TRS\" title=\"General Instructions for filling the FC-TRS\u00a0\">General Instructions for filling the FC-TRS\u00a0<\/a><ul class='ez-toc-list-level-2'><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-trs-to-rbi\/#Electronic_Attachments_required_for_FORM_FC-TRS\" title=\"Electronic Attachments required for FORM FC-TRS :\">Electronic Attachments required for FORM FC-TRS :<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-trs-to-rbi\/#Upload_the_file_using_the_attached_link_and_if_you_wish_to_remove_any_file_use_the_remove_link\" title=\"Upload the file using the attached link and if you wish to remove any file, use the remove link.\">Upload the file using the attached link and if you wish to remove any file, use the remove link.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-trs-to-rbi\/#If_the_investor_and_remitter_are_separate_entities_Than_Give_the_following_documents\" title=\"If the investor and remitter are separate entities, Than Give the following documents:\">If the investor and remitter are separate entities, Than Give the following documents:<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-trs-to-rbi\/#Step_Required_for_Form_FC-TRS\" title=\"Step Required for Form FC-TRS\">Step Required for Form FC-TRS<\/a><ul class='ez-toc-list-level-2'><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-trs-to-rbi\/#Following_below_step_required_for_filling_FC-TRS_following_below_actions\" title=\"Following below step required for filling FC-TRS following below actions:\">Following below step required for filling FC-TRS following below actions:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-trs-to-rbi\/#Verification_required_for_FORM_FC-TRS\" title=\"Verification required for FORM FC-TRS:\">Verification required for FORM FC-TRS:<\/a><\/li><\/ul><\/nav><\/div>\n<h1><a style=\"font-size: 16px;\" href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/FDI.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8248\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/FDI.jpg\" alt=\"www.carajput.com FC-TRS\" width=\"910\" height=\"549\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/FDI.jpg 600w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/FDI-300x181.jpg 300w\" sizes=\"(max-width: 910px) 100vw, 910px\" \/><\/a><\/h1>\n<h2><span class=\"ez-toc-section\" id=\"REPORTING_OF_FORM_FC-TRS_TO_RBI\"><\/span>REPORTING OF FORM FC-TRS TO RBI<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>RBI Circular No. 40 dated 1<sup>st<\/sup> February 2016; <a href=\"https:\/\/carajput.com\/rbi-consulting.php\">RBI<\/a> has made it mandatory to report any transactions and filing of forms online in respect of issue and transfer of shares from an Indian Entity to outside India.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_RBI_Compliance_under_FORM-FC-TRS\"><\/span><span style=\"color: #000080;\"><strong><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/Capture-11.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8242\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/Capture-11.png\" alt=\"\" width=\"1023\" height=\"449\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/Capture-11.png 1023w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/Capture-11-300x132.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/Capture-11-768x337.png 768w\" sizes=\"(max-width: 1023px) 100vw, 1023px\" \/><\/a>What is RBI Compliance under FORM-FC-TRS?\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Foreign currency transfer is the absolute full form of the Form FC-TRS.<\/li>\n<li>It is a process used by shareholders residing outside India who are residing in India or vice versa when transferring their shares.<\/li>\n<li>The FC-TRS form, together with the FC-GPR form, will be uploaded to its authorized dealer bank, which will send the very same form to the Reserve Bank Of India.<\/li>\n<li>Foreign investors can invest in Indian companies by purchasing\/acquiring existing shares from Indian shareholders or from other non-resident shareholders.<\/li>\n<li>General permission has been granted to non-residents \/<a href=\"https:\/\/carajput.com\/blog\/category\/nri\/\"> NRIs<\/a> for the acquisition of shares by way of transfer.<\/li>\n<li>Any transfer of shares takes place between a resident and a non-resident, the resident individual or the entity has to report the transaction to RBI by filing of Form FC-TRS online at\u00a0https:\/\/www.ebiz.gov.in.<\/li>\n<li>The reporting of Form FC-TRS should be submitted to the AD category bank within a period of 60 days from the date of receiving the money.<\/li>\n<\/ul>\n<p><em><strong>For more reading: <a href=\"https:\/\/carajput.com\/blog\/legal-documents-required-for-running-business\/\">Legal documents required for running Business<\/a><\/strong><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_the_process_of_Form_FC-TRS\"><\/span><span style=\"color: #000080;\"><strong>What is the process of Form FC-TRS\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/3a38efac-9dff-4f91-85f6-492c33a99015.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-8245\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/3a38efac-9dff-4f91-85f6-492c33a99015.jpg\" alt=\"\" width=\"853\" height=\"446\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/3a38efac-9dff-4f91-85f6-492c33a99015.jpg 465w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/3a38efac-9dff-4f91-85f6-492c33a99015-300x157.jpg 300w\" sizes=\"(max-width: 853px) 100vw, 853px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"a_Download_form_from_Pre-filled_Form_FC-TRS_from_https_wwwebizgovin\"><\/span><span style=\"color: #000080;\">a) Download form from Pre-filled Form FC-TRS from\u00a0https:\/\/www.ebiz.gov.in<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"bFill_the_required_details_of_the_Investee_Company\"><\/span><span style=\"color: #000080;\"><strong>b)<\/strong>Fill the required details of the Investee Company<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>(i) Name of the Company<\/p>\n<p>(ii) PAN of the Company<\/p>\n<p>(iii) Address of the Company<\/p>\n<p>(iv)Telephone Number of the Company<\/p>\n<p>(v) Fax Number of the Company<\/p>\n<p>(vi) Email ID of the Company<\/p>\n<p>(vii) Main Business Activity of the Company as per the NIC Code\u00a0 2008 series<\/p>\n<h3><span class=\"ez-toc-section\" id=\"cEnter_the_details_of_the_Buyer\"><\/span><span style=\"color: #000080;\"><strong>c)<\/strong>Enter the details of the Buyer<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>(i) Name of the Buyer<\/p>\n<p>(ii) Address of the Buyer<\/p>\n<p>(iii) Telephone Number of the Buyer<\/p>\n<p>(iv) Email ID of the Buyer<\/p>\n<p>(v) Nature of the Investing Entity<\/p>\n<p>(vi) Date and Place of Incorporation of the Investing Entity<\/p>\n<h3><span class=\"ez-toc-section\" id=\"dDetails_of_the_Seller\"><\/span><span style=\"color: #000080;\"><strong>d)<\/strong>Details of the Seller<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>(i) Address of the Seller<\/p>\n<p>(ii) Telephone Number of the Seller<\/p>\n<p>(iii) Email of the Seller<\/p>\n<p>(iv) Name of the Disinvesting Entity<\/p>\n<h3><span class=\"ez-toc-section\" id=\"eEnter_the_details_of_the_Foreign_Investment_in_the_Company\"><\/span><span style=\"color: #000080;\"><strong>e)<\/strong>Enter the details of the Foreign Investment in the Company.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"fMandatory_Attachments\"><\/span><span style=\"color: #000080;\"><strong>f)<\/strong>Mandatory Attachments<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>(i) Declaration by the Non-resident Buyer<\/p>\n<p>(ii) KYC Form in respect of Non-resident Investor<\/p>\n<p>(iii) Copy of FIRC (To be procured from Bank receiving the remittance)<\/p>\n<p>(iv) Valuation Report by a Chartered Accountant or SEBI registered Merchant Banker<\/p>\n<h3><span class=\"ez-toc-section\" id=\"gOnce_the_form_is_completed_in_all_respects_without_any_error_the_Name_Designation_Place_and_Digital_Signature_of_the_Declarant_is_to_be_attached\"><\/span><span style=\"color: #000080;\"><strong>g)<\/strong>Once the form is completed in all respects without any error; the Name, Designation, Place, and Digital Signature of the Declarant is to be attached<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>After following all the above steps the form is now ready to be uploaded on the Ebiz portal. Upon uploading the Form an \u201cApplication Number\u201d is generated instantly and it can be used to keep a track of the status of the Form.<\/p>\n<p>It has to be well kept in mind that merely uploading the Form does not mean that all the compliances have been fulfilled, the compliance shall deem to be complete only after approval by the <a href=\"https:\/\/carajput.com\/rbi-consulting.php\">Reserve Bank of India (RBI)<\/a>.<\/p>\n<h1><span class=\"ez-toc-section\" id=\"General_Instructions_for_filling_the_FC-TRS\"><\/span><span style=\"color: #000080;\"><strong>General Instructions for filling the FC-TRS\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<ul>\n<li>The electronic form (Form) can be accessed from service landing page and can be filled offline<\/li>\n<li>If you choose \u201cLoad prefill data\u201d option while opening the form, then some fields may get prefilled with data you have filled previously while applying for this service. You may change this data if you wish.<\/li>\n<li>The saved draft can be accessed later from \u201cMy Saved Drafts\u201d section in Menu options. This draft is available for 3 months or until the form is submitted.<\/li>\n<li>Field marked with * are mandatory and needs to be filled in before a form can be submitted on e-Biz portal. You may not be able to leave some of the field\u2019s blank in the e-Form.<\/li>\n<li>In case you wish not to enter data in a field, please input \u201cNA\u201d if it is a text\/description field or a 0, if it is a numeric field.<\/li>\n<li>The e-form needs to be digitally signed using a digital signature by the applicant. If an applicant wishes to make any modifications to an already signed e-Form, right-clicking on the signature field and choosing \u201cClear signature\u201d will enable editing of the form and any modifications can be made to the form<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Electronic_Attachments_required_for_FORM_FC-TRS\"><\/span><strong><strong><span style=\"color: #000080;\">Electronic Attachments required for FORM FC-TRS<\/span> :<\/strong><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Upload_the_file_using_the_attached_link_and_if_you_wish_to_remove_any_file_use_the_remove_link\"><\/span><span style=\"color: #000080;\">Upload the file using the attached link and if you wish to remove any file, use the remove link.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Reason for delay in submission: this attachment is required if the form is submitted after 30 days from the date of receipt of funds<\/li>\n<li>CS Certificate<\/li>\n<li>Certificate from <a href=\"https:\/\/www.caindelhiindia.com\/blog\/sebi-investment-advisors-amendment-regulations-2020\/\">SEBI<\/a> registered Merchant Banker \/ Chartered Accountant indicating the manner of arriving at the price of the shares issued to the persons resident outside India.<\/li>\n<li>Disclaimer certificate<\/li>\n<li>Statutory Auditor Certificate<\/li>\n<li>Board resolution<\/li>\n<li>LRN(Loan Registration Number) allotted<\/li>\n<li>Copy of FIPB approval (if required)<\/li>\n<li>Transfer of shares details, if applicable<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"If_the_investor_and_remitter_are_separate_entities_Than_Give_the_following_documents\"><\/span><span style=\"color: #000080;\">If the investor and remitter are separate entities, Than Give the following documents:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>No objection certificate from the remitter for\u00a0 the shares being allotted to the third party mentioning their relationship<\/li>\n<li>Letter from the foreign investor explaining the reason for making a subscription to shares by the remitter on his behalf<\/li>\n<li>Copy of agreement\/Board resolution from the investee company for issue and allotment of shares to the foreign investor, other than the remitter<\/li>\n<li>KYC report for the beneficiary<\/li>\n<\/ul>\n<p>Any other attachments: Add any other document if required.<\/p>\n<h1><span class=\"ez-toc-section\" id=\"Step_Required_for_Form_FC-TRS\"><\/span><span style=\"color: #000080;\">Step Required for Form FC-TRS<\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/smf-Single-Master-Form.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-8246\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/smf-Single-Master-Form.png\" alt=\"\" width=\"887\" height=\"493\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/smf-Single-Master-Form.png 554w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/smf-Single-Master-Form-300x167.png 300w\" sizes=\"(max-width: 887px) 100vw, 887px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Following_below_step_required_for_filling_FC-TRS_following_below_actions\"><\/span><span style=\"color: #000080;\">Following below step required for filling FC-TRS following below actions:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Step-1: Apply the registration for Business Users<\/p>\n<p>Step-2: Logging in to the FIRM USER<\/p>\n<p>Step-3: Signing in to the SMF and connecting to your workplace.<\/p>\n<p>Step-4: Choose the type of return.<\/p>\n<p>Step-5:\u00a0 Selected common investment<\/p>\n<p>Step-6: Specific information or details to be filed as required<\/p>\n<p>Step-7: Details of particular Transfer as specified<\/p>\n<p>Step-8: Complete details of Remittal as per specified required.<\/p>\n<p>Step-9: Details of Shareholding pattern to be enter<\/p>\n<p>Step-10: Submit an Online form<\/p>\n<h1><span class=\"ez-toc-section\" id=\"Verification_required_for_FORM_FC-TRS\"><\/span><span style=\"color: #000080;\"><strong>Verification <\/strong><strong>required for FORM FC-TRS<\/strong><\/span><strong>:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>Enter the following details in this section:<\/p>\n<ol>\n<li>Name of the Person<\/li>\n<li>\u00a0Place<\/li>\n<li>Date of signing the electronic form<\/li>\n<li>Designation.<\/li>\n<li>Digital Signature of Authorized signatory of the investee company.<\/li>\n<\/ol>\n<p><span style=\"color: #000080;\"><strong>Complete RBI Revised Instructions on\u00a0<\/strong><\/span><span style=\"color: #000080;\"><strong>Unclaimed Deposits or Inoperative Ac in Banks- are mention here under : <a href=\"https:\/\/carajput.com\/archives\/unclaimed-deposits-or-inoperative-a-c-in-banks-rbi-revised.pdf\">Link\u00a0<\/a><\/strong><\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"What is form FC-TRS? | Form FC-TRS Filling | Form FC-TRS Filling Procedure\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/hqkR4s-bZFU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>REPORTING OF FORM FC-TRS TO RBI RBI Circular No. 40 dated 1st February 2016; RBI has made it mandatory to report any transactions and filing of forms online in respect of issue and transfer of shares from an Indian Entity to outside India. What is RBI Compliance under FORM-FC-TRS?\u00a0 Foreign currency transfer is the absolute &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,43,9027,11],"tags":[836,831,1701,833,560,922,834,1700,832,9251,1703,9252,1702],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3694"}],"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=3694"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3694\/revisions"}],"predecessor-version":[{"id":26069,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3694\/revisions\/26069"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=3694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=3694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=3694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}