Transfer of shares

The shareholder(a non resident entity in US) of a ABC limited company in India is transferring its shares to the other shareholder of ABC Limited, who is in India.In other words a non resident entity is transfeering its shares to a person resident in India.

So in this case apart form filing Form FCTRS, do we need file anyother things with RBI??

And can a non resident entity trff is shares by way of gift to a person resident in India.???

PLS ADVICE

Rgds

Priya Sharma