FEMA & FDI · Panaji, Goa
Accurate Form FC-TRS filing in Goa — the FEMA report for a transfer of shares between a resident and a non-resident — prepared in line with the pricing guidelines and filed on the RBI’s FIRMS portal within sixty days of the consideration.
Overview
Form FC-TRS reports the transfer of shares or other eligible instruments of an Indian company between a person resident in India and a person resident outside India — whether a non-resident is buying in or selling out. It is filed on the Reserve Bank’s FIRMS portal.
The form is generally filed within sixty days of the receipt or remittance of consideration and must follow the FEMA pricing guidelines, supported by a valuation. We confirm applicability, value the shares and file FC-TRS on time. A fresh issue of shares is reported instead in Form FC-GPR.
What's covered
Every cross-border transfer of Indian shares.
Get a fixed-fee quote →Confirming the transfer between resident and non-resident is reportable.
Checking the price against the FEMA pricing guidelines.
Arranging the valuation that supports the consideration.
Reporting the transfer within sixty days on the FIRMS portal.
Transfer agreement, remittance proof and KYC from the bank.
Regularising a delayed filing with the prescribed LSF.
Our process
Parties, direction and consideration of the transfer.
Pricing guidelines confirmed and valuation done.
Filed within sixty days on the FIRMS portal.
Filing acknowledgement shared and recorded.
Frequently asked questions
Form FC-TRS is the FEMA report for the transfer of shares or eligible instruments of an Indian company between a person resident in India and a person resident outside India. It is filed on the Reserve Bank's FIRMS portal to record the change in foreign holding.
It is required whenever a non-resident acquires shares of an Indian company from a resident, or transfers such shares to a resident, by way of sale or gift. The transfer is reported through Form FC-TRS within the prescribed time.
The onus to file FC-TRS generally falls on the resident party to the transfer, whether the resident is the transferor or the transferee. We prepare the form and the supporting documents and complete the filing for you.
Form FC-TRS is generally filed within sixty days from the date of receipt or remittance of the consideration for the transfer. Filing within this period keeps the transfer compliant and avoids a late submission fee.
FEMA prescribes pricing guidelines that set the floor or cap for the price at which shares may be transferred between a resident and a non-resident, supported by a valuation. The consideration in the transfer must comply with these guidelines.
Yes. A transfer of shares by way of gift between a resident and a non-resident is also reported through Form FC-TRS, subject to the conditions applicable to such gifts under FEMA. We advise on the requirements before the transfer.
Yes. A Form FC-TRS filed after the prescribed period can be regularised on payment of a late submission fee set by the Reserve Bank, based on the amount involved and the delay. Timely filing avoids it.
Related services
Book a free consultation with a qualified Chartered Accountant in Goa. We'll value the shares and file Form FC-TRS on the FIRMS portal within sixty days — no obligation.