FC-TRS Filing Services share transfers reported within 60 days.

Form FC-TRS is the FEMA reporting form used to report any transfer of shares or convertible debentures of an Indian company between a person resident in India and a person resident outside India. The form is filed on the FIRMS portal of the Reserve Bank of India under the Single Master Form framework. Every time foreign capital moves into or out of an Indian company's cap table — whether on a sale, gift, or transfer by operation of law — an FC-TRS filing is triggered, even where no fresh issuance of shares is involved.

The reporting timeline is strict — 60 days from the date of receipt of consideration or the date of transfer of shares, whichever is earlier. The transfer must comply with FEMA pricing guidelines, which require a fair value valuation report from a Chartered Accountant or merchant banker. Common scenarios include exits by foreign investors, secondary sales between non-residents, sale of shares by Indian promoters to foreign acquirers, gifts of shares by non-resident parents to resident children, and inter-se transfers among NRI family members. Each is treated as a separate FC-TRS event regardless of value.

Our FC-TRS practice handles share transfer reporting for startups, mid-market companies, listed entities, and private equity-backed businesses. We review the transfer documents, undertake FEMA pricing diligence, coordinate the valuation report, prepare the FC-TRS form with all attachments, file on the FIRMS portal within the 60-day window, and respond to AD bank queries. Where past transfers have been missed, we manage Late Submission Fee payments and compounding applications before the Reserve Bank of India.