🌍 FCTRS Filing – Reporting Transfer of Shares with Foreign Investors

Whenever there is a transfer of shares between a resident and a non-resident (foreign investor) or vice versa, it is mandatory to report the transaction to the Reserve Bank of India (RBI) through the Form FCTRS (Foreign Currency-Transfer of Shares) on the FIRMS portal.

Timely filing of FCTRS ensures compliance with the Foreign Exchange Management Act (FEMA), 1999 and prevents penalties for the company and its stakeholders.

At Lakshya Tax Consultancy, we provide complete assistance in drafting, documentation, and filing FCTRS with RBI to ensure smooth and compliant foreign share transfer transactions.

✅ When is FCTRS Filing Required?

  • Transfer of shares from Resident to Non-Resident (Foreign Investor).
  • Transfer of shares from Non-Resident to Resident.
  • Applicable for equity shares, CCPS, CCDs, and other eligible securities.
  • Must be filed within 60 days from the date of transfer of shares.

🔎 Process of FCTRS Filing

1️⃣ Execute Share Transfer – Buyer & Seller execute share transfer agreement and complete payment.
2️⃣ Obtain Supporting Documents – FIRC, KYC of buyer/seller, Valuation report, etc.
3️⃣ Login to FIRMS Portal – Access RBI’s online reporting system.
4️⃣ File Form FCTRS – Enter details of transfer (buyer, seller, mode, consideration).
5️⃣ Upload Attachments – Share transfer agreement, CA valuation, KYC documents.
6️⃣ Verification by AD Bank – Authorised Dealer Bank verifies and forwards filing to RBI.
7️⃣ RBI Approval/Closure – RBI processes and confirms compliance.

📑 Documents Required for FCTRS Filing

  • Copy of Share Transfer Agreement
  • FIRC (if consideration received in foreign currency)
  • Valuation certificate by CA / Merchant Banker
  • KYC report of foreign investor (from AD Bank)
  • Board Resolution approving share transfer
  • Declaration by authorised representative

🌟 Why Choose Lakshya Tax Consultancy?

✔️ 100% Online Filing through FIRMS Portal
✔️ Expert Guidance for RBI & FEMA Compliance
✔️ Drafting of Agreements & Supporting Documents
✔️ On-Time Filing within 60 Days
✔️ Transparent & Affordable Pricing

👉 Ensure your foreign share transfers are compliant and penalty-free with Lakshya Tax Consultancy’s expert FCTRS Filing Services.