The literal meaning of Form FC-TRS is Foreign Currency Transfer of Shares. This form is filed in case of transfer of shares of an Indian Company from a resident to a Non-Resident/Non-Resident Indian or body corporate outside India and vice versa through its authorised dealer bank.

Time Limit: The form FC-TRS shall be filed with the Authorised Dealer bank within Sixty days of transfer of capital instruments or receipt/remittance of funds whichever is earlier.

Step 1: Registration under FIRMS Portal of RBI as entity user and Creation of Master Data in Single Master Entity Form.

Authority Letter is required to be prepared for personnel authorizing him/her for registering as an Entity user for the entity.

Step 2: Registration as business user on FIRMS portal.

Authority Letter is required to be prepared for personnel authorizing him/her for registering as an Entity user for the entity.

Step 3: Reporting of Form- FC-TRS.