FC-TRS Filing Services

Q: Who is responsible for filing Form FC-TRS?

The resident party to the transaction is responsible for filing Form FC-TRS through their authorised dealer bank.

Q: What pricing guidelines apply to share transfers under FC-TRS?

Sale to a non-resident cannot be below fair value, and purchase from a non-resident cannot be above fair value, per internationally accepted methodology.

Q: Is RBI approval needed for a gift transfer of shares to a non-resident?

Generally yes, except for transfers to certain relatives as defined under the Companies Act.

Q: What happens if FC-TRS is not filed within 60 days?

The transfer remains unrecorded on RBI records and may need to be regularised through a compounding application.

Whenever shares of an Indian company are transferred between a resident and a non-resident, the transaction must be reported to the RBI through Form FC-TRS. We prepare and file FC-TRS accurately, ensuring share transfers involving foreign shareholders are properly recorded and the transfer is not held up on compliance grounds.

Sale Transactions

Reporting sale of shares by a resident to a non-resident, or by a non-resident to a resident, including pricing guideline verification.

Gift Transactions

Filing FC-TRS for transfer of shares by way of gift between residents and non-residents, along with the required RBI approval where applicable.

Valuation Support

Coordinating fair value determination as per internationally accepted pricing methodology to ensure the transfer price meets FEMA requirements.

Authorised Dealer Filing

Submission of Form FC-TRS through the RBI's Firms portal with supporting documents routed through the resident party's authorised dealer bank.

What is Form FC-TRS?

Form FC-TRS is the reporting mechanism for transfer of capital instruments of an Indian company between a person resident in India and a person resident outside India, whether by sale or gift. It must be filed within 60 days of the transfer or receipt of consideration, whichever is earlier, and requires the transfer price to comply with FEMA pricing guidelines.

FC-TRS is closely related to FDI reporting through Form FCGPR, since both track foreign shareholding in Indian companies, and often needs to be read together with tax implications on capital gains for the transferring party.

Who Needs to File FC-TRS?

Resident shareholders selling shares to a non-resident investor
Non-resident shareholders selling shares to a resident buyer
Parties transferring shares between two non-residents in an Indian company where reporting is required
Donors and donees where shares are transferred by way of gift involving a non-resident

Why Choose Us for FC-TRS Filing?

We verify the transfer price against FEMA pricing guidelines before the transaction is finalised, prepare the valuation and supporting documentation, and manage the filing through the resident party's authorised dealer bank on the RBI's Firms portal within the 60-day window.

If you are searching for "FC-TRS filing consultants" or "share transfer reporting to RBI," we handle the process from valuation to final RBI acknowledgement.

Frequently Asked Questions

Who is responsible for filing Form FC-TRS?

The resident party to the transaction — whether the transferor or transferee — is responsible for filing Form FC-TRS through their authorised dealer bank, regardless of whether the resident is buying or selling the shares.

What pricing guidelines apply to share transfers under FC-TRS?

A resident selling shares to a non-resident cannot sell below the fair value, and a resident buying shares from a non-resident cannot pay above the fair value, both determined as per internationally accepted pricing methodology such as the discounted cash flow method for unlisted companies.

Is RBI approval needed for a gift transfer of shares to a non-resident?

Gift transfers to a non-resident generally require prior RBI approval, except in certain cases involving relatives as defined under the Companies Act, and the FC-TRS filing must reflect the approval obtained.

What happens if FC-TRS is not filed within 60 days?

The transfer will remain unrecorded on RBI's records, which can affect the non-resident shareholder's ability to sell shares or repatriate proceeds later, and the delay may need to be regularised through a compounding application.

Report Your Share Transfer Correctly

End-to-end FC-TRS filing support, from valuation to final RBI submission.

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