TMI BlogDeclaration regarding transfer of shares / compulsorily and mandatorily convertible preference shares (CMCPS) / debentures /others by way of sale from resident to non resident / non-resident to residentX X X X Extracts X X X X X X X X Extracts X X X X ..... pattern of the investee company after the acquisition of shares by a person resident outside India. Certificate indicating fair value of shares from a Chartered Accountant. Copy of Broker's note if sale is made on Stock Exchange. Declaration from the buyer to the effect that he is eligible to acquire shares / compulsorily and mandatorily convertible preference shares / debentures/others under FDI policy and the existing sectoral limits and Pricing Guidelines have been complied with. Declaration from the FII/sub account to the effect that the individual FII / Sub account ceiling as prescribed has not been breached. Additional documents in respect of sale of shares / compulsorily and mandatorily convertible preference shares / debentures / others by a person resident outside India If the sellers are NRIs/OCBs, the copies of RBI approvals, if applicable, evidencing the shares held by them on repatriation/non-repatriation basis. No Objection/Tax Clearance Certificate from Income Tax Authority/ Chartered Account. 1 Name of the company ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s (such as FDI compliant instruments like participating interest rights in oil fields, etc.) to be transferred Date of the transaction Number of shares CMCPS / debentures /others Face value in Rs. Negotiated Price for the transfer**in Rs. Amount of consideration in Rs. 8 Foreign Investments in the company No. of shares Percentage Before the transfer After the transfer 9. Where the shares / CMCPS / debentures / others are listed on Stock Exchange Name of the Stock Exchange Price Quoted on the Stock exchange Where the shar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Know Your Customer (KYC) Form in respect of the non-resident investor Registered Name of the Remitter / Investor (Name, if the investor is an Individual) Registration Number (Unique Identification Number* in case remitter is an Individual) Registered Address (Permanent Address if remitter Individual) Name of the Remitter s Bank Remitter s Bank Account No. Period of banking relationship with the Remitter *Passport No., Social Security No, or any Unique No. certifying the bonafides of the remitter as prevalent in the remitter s country. We confirm that all the information furnished above is true and accurate as provided by the overseas remitting bank of the non-resident investor. (Signature of the Authorised Official of the AD bank receiving the remittance) Date: Place: Stamp : Proforma Statement of inflows/outflows on account ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Comp any Seller Natur e of Busin ess of the Buyer Natur e of Busin ess of the s transf erred per share Seller Buyer (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) ## The initial investment/s was/were made by FVCI under FDI Scheme in terms of Schedule 1 to Notification No. FEMA.20/2000-RB dated May 3, 2000 SWF mean a Government investment vehicle which is funded by foreign exchange assets, and which manages those assets separately from the official reserves of monetary authorities. OLD Form Form FC-TRS<!--?xml:nam ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 Whether FDI is allowed under Automatic route Sectoral Cap under FDI Policy 3 Nature of transaction Transfer from resident to non resident Transfer from non resident to resident 4 Name of the buyer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7 Details regarding shares/convertible debentures to be transferred Date of the transaction Number of shares face value Negotiated Price for the transfer** Amount of consideration 8 Foreign Investments in the company No of shares Percentage Before the transfer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the non resident buyer and In respect of the transfer of shares from non resident to resident the declaration has to be signed by the non resident seller Certificate by the AD Branch It is certified that the application is complete in all respects The receipt /payment for the transaction is in accordance FEMA Regulations/ Reserve Bank guidelines Signature Name and Designation of the Officer Date: Name of the AD Branch AD Branch Code Proforma Statement of inflows/o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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