Fc-trs
This query is : Resolved
18 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
"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
Nikhil Kaushik
(Expert)
18 February 2014
I dont think there is any restriction on signing in both capacities. However, separate FC-TRS need to be signed. both cannot be clubbed in one form
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