FCTRS - CONSENT LETTER

[deepak manglani]

Dear Members,

Please provide me with the format of Consent letter to be filled along with FCTRS, its URGENT.

 

Thanks & Regards

Deepak Manglani 

[consultgarg]

Dear Deepak,

Find below the draft formats.

Consent by Seller

To,
Bank ______

Subject: Consent to sell equity shares of X to Z

Dear Sir,

This is in relation to the Form FC-TRS being filed with respect to
acquisition of ___________equity shares of X by Z from us.
Subject to receipt of necessary regulatory approvals, we hereby
consent for the transfer of equity shares of X by us to Z at a price
of INR ____/- per share i.e. INR ______/-.
Should you require any further clarifications or information, we will
be happy to provide you with the same.
Thanking you.
Yours truly,

For Y

Authorised Signatory

Consent by Buyer

To,
Bank

Subject: Consent and undertaking for purchase of equity shares of X
from Y.

This is in relation to the Form FC-TRS being filed by us with respect
to acquisition of ______equity shares of X from Y by us.
[Provide the transaction detail in brief here]

We hereby undertake that, we are eligible to acquire the above shares
of X from Y, who hold the same in its name.

We hereby confirm that the existing sectoral limits and pricing
guidelines under the FDI Policy have been complied with.

We are grateful for your kind assistance on this matter. Should you
require any further clarifications or information, we will be happy to
provide you with the same.

Yours faithfully,
For Z

Authorised Signatory

-------------------------------------------

Regards,

Dinesh

[Rajesh Warrier]

Deepak,

Please find the attachment.

Regards

Rajesh

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Thanks
Regards
Rajesh A
Company Secretary
Kochi
Mob: 09846874314