Clarification on Entity User, Business User & AD Bank for FC-TRS Filing
This query is : Resolved
AJAY YADAV
(Querist)
06 June 2025
I would like to seek your kind guidance regarding the filing of the FC-TRS Form in connection with a share transfer transaction involving the following entities:
ABC Private Limited – Investee Company (whose shares are being transferred)
PQR Pvt. Ltd. – Resident Transferor
XYZ PTE Ltd. – Non-Resident Transferee
In this regard, I request your clarification on the following points:
Which company is required to register as the Entity User and Business User on the FIRMS Portal for filing the FC-TRS form?
For the purpose of submitting the Authorization Letter, the Authorized Dealer (AD) Bank of which entity (Investee, Transferor, or Transferee) should be approached?
I would be grateful for your guidance to ensure compliance with the procedures under FEMA and RBI regulations.
ABC Private Limited – Investee Company (whose shares are being transferred)
PQR Pvt. Ltd. – Resident Transferor
XYZ PTE Ltd. – Non-Resident Transferee
In this regard, I request your clarification on the following points:
Which company is required to register as the Entity User and Business User on the FIRMS Portal for filing the FC-TRS form?
For the purpose of submitting the Authorization Letter, the Authorized Dealer (AD) Bank of which entity (Investee, Transferor, or Transferee) should be approached?
I would be grateful for your guidance to ensure compliance with the procedures under FEMA and RBI regulations.
Nikhil Kaushik
(Expert)
09 June 2025
all the compliance to be done by investee company.
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