FC-TRS Compliance Services
Form FC-TRS (Foreign Currency Transfer of Shares) is a mandatory RBI reporting requirement for transfer of shares or convertible debentures between residents and non-residents. This form must be filed within 60 days of the transaction.
Our comprehensive FC-TRS services include:
- Determination of applicable pricing guidelines
- Preparation and review of transaction documents
- Calculation of fair market value as per RBI guidelines
- Filing of Form FC-TRS with RBI through AD Bank
- Liaison with banks and regulatory authorities
- Post-filing compliance monitoring
When is FC-TRS Filing Required?
Resident to Non-Resident Transfer
Covered: Transfer of shares from resident to non-resident
Pricing: As per RBI's valuation guidelines
Approval: Automatic route if pricing compliant
Non-Resident to Resident Transfer
Covered: Transfer of shares from non-resident to resident
Pricing: Not exceeding fair market value
Approval: Automatic route if pricing compliant
Exempt Transactions
Not Required: For transfer between two non-residents
Not Required: For transfer between two residents
Note: Gift transactions have separate reporting
Filing Timeline
Deadline: Within 60 days of transaction
Late Filing: Requires RBI approval
Penalty: Possible for delayed filings
Documents Required for FC-TRS Filing
Share Purchase Agreement
Duly executed agreement between parties
Payment Evidence
Bank remittance certificates or payment proofs
Valuation Report
Certified valuation as per RBI guidelines
CA Certificate
Chartered Accountant's certificate on pricing
KYC Documents
PAN, passport, address proof of transacting parties
Company Documents
Latest audited financials, shareholding pattern
FC-TRS Filing Process
1. Transaction Analysis
Reviewing the share transfer terms and applicable regulations.
2. Valuation Assessment
Determining fair market value as per RBI guidelines.
3. Document Collection
Gathering all required contracts and supporting documents.
4. Form Preparation
Drafting Form FC-TRS with accurate transaction details.
5. AD Bank Submission
Filing through Authorized Dealer Bank with complete dossier.
6. RBI Approval
Monitoring approval and handling any queries.
Pricing Guidelines for FC-TRS Transactions
Resident to Non-Resident Transfer
Price should not be less than:
- Fair value as per DCF method for unlisted companies
- SEBI guidelines for listed companies
- Valuation by SEBI registered merchant banker
Non-Resident to Resident Transfer
Price should not exceed:
- Fair market value as per valuation report
- Prevailing market price for listed shares
- Price as per internationally accepted pricing methodology
Valuation Methods
Acceptable valuation approaches:
- Discounted Cash Flow (DCF) method
- Net Asset Value (NAV) method
- Comparable company analysis
- Price-to-earnings multiples
Our FC-TRS Service Packages
| Service | Basic | Premium |
|---|---|---|
| FC-TRS Filing (Resident to Non-Resident) | ₹15,999 | ₹24,999 |
| FC-TRS Filing (Non-Resident to Resident) | ₹12,999 | ₹19,999 |
| Valuation Report Preparation | ₹7,999 | ₹12,999 |
| Late Filing Regularization | ₹24,999 | ₹34,999 |
| Advisory on Complex Transactions | ₹9,999 | ₹14,999 |
FC-TRS Frequently Asked Questions
Form FC-TRS must be filed within 60 days from the date of receipt of funds (for inbound transfers) or date of payment (for outbound transfers). Late filings require RBI approval.
Yes, but late filings require additional documentation and RBI approval. Penalties may apply for delayed filings beyond reasonable timelines.
Either the transferor or transferee can file the form through their Authorized Dealer (AD) Category-I bank. The form must be certified by the AD bank before submission.
Yes, all transactions require proper valuation as per RBI guidelines. For listed companies, the valuation should be based on SEBI guidelines, while unlisted companies require valuation by a SEBI registered merchant banker or Chartered Accountant.
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