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    FC-TRS Filing

    Posted By : CS Shiriti / Published on : 26-Aug-2019 06:13 AM / View : 279 / Comment : 0

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    Dear Members,

    I am having a query.

    Suppose A Pvt Ltd having 2 foreign shareholders named as B LTD which is Singapore based company and C Ltd which is japan based company. Both are holding 99% and 1% respectively. C Ltd wants to transfer 1% of its holding on fare value basis to D Ltd which is also a Japanese based company.

    All the transfers are made in foreign only. Whether we required to file FC-TRS for that. Please clarify.
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