Ashish Gupta (CS & Legal) (114 Points)
30 June 2010Dear All,
As per FDI policy, any transfer of shares from Non-Resient to Resident or vice-versa involves filing of Form FC-TRS with the authorized dealer. Does this Form FC-TRS is also filed in case of transfer of shares in Demat Form?
Regards,
Ashish Gupta
vivek
(CS)
(751 Points)
Replied 30 June 2010
I think even the shares are in demat mode though u have to file FC TRS
Vishal Dang
((Company Secretaries))
(93 Points)
Replied 30 June 2010
Dear Ashish,
FC-TRS is intimation of transfer of shares and there is no diffrence between the shares maintained in phyisical form or demat form. So the filing of FCTRS is required.
Vishal
CAclubindia
