The Classic Partners LLP
FC-TRS Filing Services
Timely FC-TRS filing for the transfer of shares between residents and non-residents. We report your cross-border share transfers on the RBI FIRMS portal under FEMA, coordinating with your AD Category-I bank so your foreign-investment records stay accurate and compliant.
Talk to an FC-TRS Filing ExpertWhat is Form FC-TRS?
Form FC-TRS (Foreign Currency – Transfer of Shares) is the RBI reporting form for the transfer of capital instruments of an Indian company between a person resident in India and a person resident outside India. It is filed through the Single Master Form (SMF) on the FIRMS portal and applies to transfers by way of sale or gift.
FC-TRS must be filed within sixty days of the transfer of shares or the receipt/remittance of funds, whichever is earlier, and is routed through the AD Category-I bank. Filings must align with FEMA pricing guidelines and the Non-Debt Instruments Rules, 2019. We prepare the form, valuation support, and documents and complete the filing, alongside FC-GPR filing for fresh share issues.
Who Needs to File FC-TRS?
- Resident shareholders selling to, or buying from, non-residents.
- NRIs and foreign investors transferring shares in Indian companies.
- Indian companies recording cross-border secondary transfers.
- Buyers or sellers of equity shares, CCPS, or CCDs across borders.
- Startups with foreign-investor exits or secondary share sales.
Our FC-TRS Filing Services
Transaction Review
Confirming whether the transfer requires FC-TRS and the correct reporting route.
Valuation & Pricing Support
Coordination of valuation certificates compliant with FEMA pricing guidelines.
FIRMS / SMF Filing
Preparation and submission of Form FC-TRS on the RBI FIRMS portal.
AD Bank Coordination
Liaison with your AD Category-I bank through query resolution and approval.
Document Compilation
Share transfer deeds, KYC, declarations, and FIRC or remittance proofs.
Late-Filing & LSF Guidance
Support on the Late Submission Fee where filings are delayed.
Why Choose The Classic Partners
- Specialised experience across corporate, FEMA, and tax compliance for businesses of every size.
- End-to-end handling filings, audit coordination, and follow-up managed under one roof.
- Timely reporting so you never miss a statutory deadline or attract avoidable penalties.
- Transparent fees and a dedicated point of contact you can actually reach.
Frequently Asked Questions
What is Form FC-TRS?
FC-TRS (Foreign Currency – Transfer of Shares) is the RBI form used to report the transfer of capital instruments of an Indian company between a resident and a non-resident, filed through the Single Master Form on the FIRMS portal.
When is FC-TRS required?
It is required when shares or other capital instruments of an Indian company are transferred between a person resident in India and a person resident outside India by way of sale or gift.
What is the time limit for FC-TRS filing?
Form FC-TRS must be filed within sixty days of the transfer of shares or the receipt/remittance of funds, whichever is earlier.
Is RBI approval required before filing FC-TRS?
In most cases prior RBI approval is not required; the filing is made on the FIRMS portal through the AD Category-I bank after complying with FEMA pricing and sectoral norms.
What documents are needed for FC-TRS?
Generally the share transfer agreement or deed, a valuation certificate, KYC of the non-resident, FIRC or outward-remittance proof, declarations, and board or shareholder approvals.
What if FC-TRS is filed late?
Late filing can be regularised on payment of a Late Submission Fee under FEMA; we assess the delay and complete the filing while minimising compliance exposure.
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