FCTRS (Foreign Currency- Transfer of Shares):
1. No fee for filing of form FC-TRS, if filed within 60 days from the date of receipt/date of payment of the amount of consideration otherwise the RBI/ AD Bank may impose the penalty for late filling by way of Late Submission fee (LSF).
2. Onus of filing of form FC-TRS lies on the transferor/transferee whosoever is resident in India.
3. The transferor/transferee filing the form needs to register itself with RBI-Firms portal before …