sonia (student) (37 Points)
21 February 2012Dear Members,
Would u pls clarify my doubt what will be the effective date of transfer?
the case is that the transfer deed has been executed in November but the form FC TRS has been filed now when the transfer deed has expired i.e. is not valid....
So will the transfer be considered w.e.f. the date of execution of transfer deed or not ??
CS Rajveer Rai, Gurgaon
(CS)
(646 Points)
Replied 21 February 2012
transfer is still valid but you have contravened the provisions of RBI Guidelilnes so file FC-TRS with condonation application
CS Rajveer Rai, Gurgaon
(CS)
(646 Points)
Replied 21 February 2012
transfer is still valid but you have contravened the provisions of RBI Guidelilnes so file FC-TRS with condonation application
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 25 February 2012
Hi
You can revalidate the share transfer deed with concern ROC.
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 03 March 2012
Hi
The Form FC-TRS should be submitted to the AD Category-I bank, within 60 days from the date of receipt of the amount of consideration. The onus of submission of the Form FC-TRS within the given timeframe would be on the transferor / transferee, resident in India. The AD Category-I bank, would forward the same to its link office. The link office would consolidate the Form FC-TRS and submit a monthly report to the Reserve Bank.
Regards
CAclubindia
