Form FC-TRS

• Reporting of transfer of shares and other eligible securities between residents and non-residents and vice- versa is to be made in Form FC-TRS.
• The Form FC-TRS should be submitted to the AD Category – I bank.
• With in 60 days from the date of receipt of the amount of consideration.
• The onus of submission of the Form FC-TRS within the given timeframe would be on the transferor/ transferee, resident in India.