Cardiff Services

FC-TRS Share Transfer

FC-TRS Share Transfer – Overview

When shares of an Indian company are transferred between a resident and a non-resident (or vice versa), the transaction must be reported to the Reserve Bank of India (RBI) under FEMA regulations. This is done by filing Form FC-TRS (Foreign Currency – Transfer of Shares) on the RBI FIRMS portal within 60 days of transfer.

 

This applies to private limited companies, public companies, LLPs (capital contribution), and Section-8 companies where foreign shareholders are involved. Non-compliance or delayed filing of FC-TRS can attract FEMA penalties and complicate future FDI transactions.

 

At Cardiff Services, we provide end-to-end FC-TRS filing services in India, ensuring that every cross-border share transfer is reported correctly and on time.

Why Choose Cardiff Services for FC-TRS Compliance

At Cardiff Services, we simplify the complexities of cross-border share transfer reporting. Our team ensures valuations, payment proofs, and ROC filings are aligned with RBI requirements, reducing risks of rejection or penalties.

 

We provide not only filing support but also advisory on structuring share transfers, FEMA restrictions, and sectoral caps, helping startups, corporates, and NGOs stay fully compliant. With Cardiff Services, your organization gains a trusted partner for FC-TRS FDI compliance in India.

Key Features of FC-TRS Reporting Support

  • Resident ↔ Non-Resident Transactions: Reporting required for both purchase and sale of shares.

  • 60-Day Compliance Window: Filing must be completed within 60 days of share transfer.

  • Covers Multiple Securities: Equity shares, preference shares, convertible debentures, and LLP capital.

  • FEMA & RBI Compliance: Ensures transactions align with valuation and sectoral caps.

  • Bank Liaison: Coordination with Authorised Dealer (AD) Bank for KYC and FIRC approval.

  • Error-Free Filings: Avoiding common mismatches in valuation, shareholding, or payment method.

Documents Required for FC-TRS Filing

  • Certificate of Incorporation and PAN of the company.

  • MOA & AOA of the company.

  • Share transfer agreement or deed.

  • Board resolution approving transfer.

  • Shareholding pattern (before and after transfer).

  • Valuation certificate from Chartered Accountant or Merchant Banker.

  • Foreign Inward Remittance Certificate (if applicable).

  • KYC of foreign investor (issued by AD Bank).

  • Payment proof (bank advice, SWIFT copy).

  • ROC filing acknowledgment for share transfer.

  • Digital signature of authorized signatory.

Step-by-Step Procedure for FC-TRS Filing

  • Transaction Review – Verify share transfer terms and payment details.

  • Document Collection – Gather transfer deed, valuation, KYC, and payment proofs.

  • AD Bank Submission – Submit documents to the Authorised Dealer Bank for verification.

  • RBI FIRMS Portal Filing – File FC-TRS online within 60 days of transfer.

  • RBI/Bank Review – RBI/AD Bank checks compliance with FEMA guidelines.

  • Acknowledgment & Approval – Obtain confirmation from RBI for compliance record.

  • Record Maintenance – Maintain proof for audits, investors, and future FDI filings.

Frequently Asked Questions

A company name search ensures that your chosen business name is unique, legally compliant, and not already registered with Companies House UK. It helps you avoid legal disputes, trademark issues, and confusion in the Cardiff business market.

If your desired name is already registered, you’ll need to choose a different name or modify it. Using a taken name could result in rejection by Companies House or potential legal issues. Our experts can help you brainstorm alternative names that are compliant and market-ready.

It’s not advisable to use a name that’s too similar to another company, especially within the same industry. Similar names can confuse customers and risk trademark disputes. A company name search helps you identify these risks early.

For a company name search in Cardiff, you may need:

  • Proposed company name

  • Business entity type (Ltd, LLP, Partnership, etc.)

  • Jurisdiction (Cardiff / UK)

  • Owner or shareholder details (if applicable)

  • Business description

A “high probability” result means your proposed company name is likely to be available, but further checks are recommended. This is why our detailed Cardiff Company Name Search Report includes both identical and similar names for clarity.

Certain words are restricted under UK law (e.g., “bank,” “insurance,” “government”). If you want to use them, you’ll need special approval from regulatory bodies. We guide you through this process if your Cardiff business requires such terms