Compliance Requirement for Transfer of equity from NON resident to Resident

[harish choursiya]

Dear Members,

One query w.r.t. transfer of share from resident to non resident 

pls specify the reporting compliance under RBI and co. Act 

like FC-TRS and section 56 for transfer of shares etc.

[CS Mohit Saluja]

Dear Concern,

          Greetings of the Day  !

FCTRS has to be filed within 60 days of the consideration received by the transferor or transfer of capiotal isntrument whichever is earlier. The onus of filing of the FCTRS shall be on the person resident in India. No matter he is transferor or transferre but the FCTRS filing shall be done by the Indian Party only

This Form shall be filed through the online reporting platform established by the RBI known as FIRMS portal

CS Mohit Saluja 

CERTIFIED CSR PROFESSIONAL

and Registered Trade Mark Agent

Mohit Saluja & Associates

Company Secretaries

FCS, L.L.B, M.Com, B.Com(Prof.)

338/7, Central Town

Near Swaran Institute

Jalandhar, Punjab-144001 

Tel: +91 9914558709 (M) 
Email: csmohit...@gmail.com | csmohits...@gmail.com

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[harish choursiya]

Many Thanks sir 

And apart from FCTRS additionally whether we need to company the downstream investment guidelines?

And section 56 of the company act, 2013 

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[CS Mohit Saluja]

Dear Concern,

          Greetings of the Day  !

In case the company fall under Down Stream Criteria, the company need to follow accordingly

CS Mohit Saluja 

CERTIFIED CSR PROFESSIONAL

and Registered Trade Mark Agent

Mohit Saluja & Associates

Company Secretaries

FCS, L.L.B, M.Com, B.Com(Prof.)

338/7, Central Town

Near Swaran Institute

Jalandhar, Punjab-144001 

Tel: +91 9914558709 (M) 
Email: csmohit...@gmail.com | csmohits...@gmail.com

To view this discussion on the web visit https://groups.google.com/d/msgid/csmysore/CAHWg4c_pkGeKOCjYhL_-UsMnNPOV4up3NxsSxA_81BmJNnNPNA%40mail.gmail.com.

[harish choursiya]

One more clarification required when I gone through some article and guidelines which says about intimation to Secretariat for Industrial Assistance , DPIIT 

How to complete such Compliance 

Basically in this query/transaction down Stream investment also made.

So we need to comply for filing  DI form also 

But before proceeding DI form some resource says intimation to DPIIT

Pls share your views  

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