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Form FC TRS Declaration Regarding Transfer of Shares

Form FC TRS Declaration Regarding Transfer of Shares

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[Music] hello everyone and welcome to rajput jen and associates today in this video we'll discuss about filing of form fctrs so starting with the meaning of form fctrs form fctrs is a form issued for foreign currency transfer it is a form which is issued in respect of transfer of shares by shareholders residents outside india or vice versa so the form fctrs is required to be submitted along with form fc gpr to the authorized dealer bank who will submit the same to the rbi now we'll discuss the steps for filing a form fctrs the form fctrs shall be filed with authorized dealer bank within 60 days from the date of transfer of capital instruments or the receipt or remittance of the funds whichever is earlier so now let's discuss the step-by-step process for filing form fctrs so the first step is registration of business user a business user or the applicant is required to register the business on the firm's portal so for registering as a business user the ap

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