Is it mandatory to file FC-TRS form, if one foreign shareholder transfers his shares to another forign person.
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 24 February 2020
Yes. It is mandatory. Declaration regarding transfer of shares / compulsorily and mandatorily convertible preference shares (CMCPS) / debentures /others by way of sale from resident to non resident / non-resident to resident
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