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Fc-trs

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

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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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