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    What Documentary evidence for transfer of shares to be attached while doing Foreign Currency Transfer

    Posted By : Mahima Jain / Published on : 11-Apr-2023 04:24 AM / View : 257 / Comment : 1

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    Hello Professionals

    What Documentary evidence for transfer of shares to be attached while doing Foreign Currency Transfer means do I need to attach a share certificate or share transfer deed?
    Read more on : transfer doing foreign while currency attached evidence shares documentary

    • The documentary evidence required for the transfer of shares to be attached while doing a Foreign Currency Transfer (FCT) may vary depending on the specific requirements of the jurisdiction in which the transaction is taking place. However, in general, the following documents may be required:

      1. Share Transfer Deed: This document is used to transfer ownership of shares from one party to another. It should be executed and stamped as per the applicable laws and regulations of the jurisdiction in which the shares are held.

      2. Share Certificate: This is a physical certificate that represents ownership of shares in a company. It should be signed and stamped by the authorized signatories of the company and should be valid and current.

      3. Foreign Inward Remittance Certificate (FIRC): This is a document issued by the bank that confirms that the funds have been received from a foreign source and credited to the account of the seller.

      4. Know Your Customer (KYC) Documents: This includes identity and address proof documents of both the buyer and seller, such as passport, driving license, and utility bills, as well as any other documents required by the applicable laws and regulations.

      12-04-2023 / 10:03:02 AM
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