Nic code list

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varad (Querist)
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19 March 2013 Hi, Please provide me the NIC Code List as i am filling FCTRS form. So in Part A it does asks for the same.

Regards,
CS Varad Agrawal

Ajay Mishra

Ajay Mishra (Expert)
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19 March 2013 Hi

Go to the following link, it may help you:

http://www.mca.gov.in/MCA21/dca/efiling/NIC-2004_detail_19jan2009.pdf

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varad

varad (Querist)
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19 March 2013 There is one more query relating to the above matter that in case of transfer of shares from resident to non resident(holding joint shares), is it necessary that at the time of making the payment for shares, the non resident(holding joint shares) require a NOC from the other Joint Shareholder??

Please reply as soon as possible

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Ajay Mishra

Ajay Mishra (Expert)
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19 March 2013 Hi

Yes, you will take and also you appoint Authorised Dealer to deal such transfer.

FC-TRS will be filed by Indian resident through AD to RBI.

For more details, read Master Circular issued by RBI on 01.07.2012 on FDI.

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