Sunday 12 July 2020

Transfer of Shares from Residents to Non Residents

Following is the Short Summary of transfer of shares from Indian to NRI

1.    Procuring Valuation certificate from registered Valuer/Chartered Accountants
2.    Payment of stamp duty of transfer of shares by resident indian (transferor)
3.    Execute Share transfer form Sh-4
4.    Transfer of Consideration amount by Non –residents to resident
5.    Filing of EMF and SMF registration along with the supporting documents
6.    Procuring FIRC and KYC from AD bank
7.    Execute share transfer documents for FC-TRS filing
8.    Filing of Form FC-TRS with RBI within 60 days of transfer of remittance
9.    Receiving approval from RBI on form SMF-FC-TRS Filed