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Transfer in favour of nri/pio

This query is : Resolved 
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(Querist)
11 September 2014 If a resident transfer his shares in favour of a NRI/PIO and the later pays the amount from his NRO A/c do we still require to file Form FC-TRS with the AD Bank. Further can they tranfer the shares at any price or it can be done on valuation price only.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
21 September 2014 FC-TRS should be filed. And yes the valuation price has to be followed
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