ONLINE filing of FCTRS (Foreign Currency Transfer of Share) return through e-biz portal of Government of India. Now, transfer between, PRI and PROI or vice -versa of shares/ convertible debentures/ partly paid shares and warrants can be reported online.
- Online filing optional and to be available w.e.f. 24.08.2015.
- Customer to upload digitally signed FCTRS through e-biz portal.
- AD ( Authorised Dealer Banks) to download form and verify (may ask for additional info).
- Post verification, AD to upload form to RBI, who after processing will allot UIN (Unique Identification Number)
Source:- RBI Notification