Transfer of Shares

Alok D. Mishra (Company Secretary Manager -Legal) (93 Points)

04 March 2011

1. a share holder who is Indian resident transfers his share to his son who is an NRI.

2. a share holder tranfers his share to his son (both are NRI)

A. plesae let me know what all documents are required?

B. do we need to file FCGPR or an other form

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4 Replies

Jaideep (Service) (1368 Points)
Replied 04 March 2011

Dear Alok,

Form FCGPR is required to be filed by company for allot ment of shares. In this case Form FC-TRS is required for transfer of shares.

Onus of for filing of form FCTRS is on resident. In the process authorised dealer is required to submit the form to RBI.

Contact any authorised dealer he will support you to carry out documentation and transaction.

Regards

Jaideep Pandya

Alok D. Mishra (Company Secretary Manager -Legal) (93 Points)
Replied 05 March 2011

Dear Jaideep

thanks a ton for your reply, but sir we need to file FCTRS in case transferor is resident and tranferee is NRI.

but what to do in case both transferor and tranferee are NRI

Alok D. Mishra (Company Secretary Manager -Legal) (93 Points)
Replied 05 March 2011

kindly correct me if i am worng

NEERAJ SAGAR (student) (70 Points)
Replied 18 March 2011

Dear Sir,

I think it is not necessary to file any documents for transfer from NRI to NRI because there is no inflow to the country.

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