India Tax & Regulatory
Form FC-TRS Filing
The mandatory RBI filing required within 60 days of a share transfer between a resident and non-resident, without which the transfer isn't recognized for repatriation or compliance purposes.
Buyer Example
Foreign PE buyer acquiring 100% of a Chennai medical devices company from resident promoters makes FC-TRS filing a closing condition rather than a post-closing formality, since a missed 60-day window would block the buyer's future ability to repatriate dividends or exit proceeds without an RBI compounding process.