Fc-trs

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This query is : Resolved

pankaj (Querist)

17 February 2014 "X" a indian company has tranfferd its shares to Company "Y". The purchasing company has alloted 1 shares to its Director "A" as nominee. My Question is can A sign the declaration in Form FC-TRS in the capacity of Director on behalf of Purchasing co. as well as in the capacity of a Nominee.

And also tell whether more than one buyer can be disclosed in Form FC-TRS.

Pls reply at the earliest.

Thanks
Pankaj

Akshay gupta

Akshay gupta (Querist)

17 February 2014 please tell me the coconsequences. if gmcs 1 is not completed within 1 year.

Nikhil Kaushik

Nikhil Kaushik (Expert)

17 February 2014 ICAI has not come out with consequences yet. but some people are facing the problem that they are not being allowed to register for GMCS-I after completion of 1 year. so kindly contact your regional office and see whats there view on this. if they permit, immediately go for the GMCS-I registration.

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