India Tax & Regulatory
Form FC-TRS Filing
The mandatory RBI filing for resident-to-non-resident share transfers — sellers should ensure timely filing to avoid compounding penalties and receive full proceeds without RBI complications.
Seller Example
Resident promoters of a Chennai medical devices company selling 100% to a foreign PE buyer ensure the FC-TRS filing is completed within the 60-day window and made a shared closing responsibility, not solely the buyer's — so the promoters' repatriation of proceeds isn't later delayed by an RBI compounding process caused by buyer-side filing delays.