MANU/APDR/0068/2015
Ministry : Reserve Bank of India
Department/Board : RBI A.P. DIR (Series)
Circular No. : A. P. (DIR Series) Circular No. 09
RBI/2015-2016/157
Date : 21.08.2015
Notification/ Circulars Referred : Notification No. FEMA 20/2000-RB, dated 3rd May 2000 MANU/RFEM/0012/2000;A.P. (DIR Series) Circular No.6 dated July 18, 2014 MANU/APDR/0077/2014;A.P. (DIR Series) Circular No.95 dated April 17, 2015 MANU/APDR/0041/2015
Citing Reference:
Notification No. FEMA 20/2000-RB, dated 3rd May 2000 MANU/RFEM/0012/2000 Referred
A.P. (DIR Series) Circular No.6 dated July 18, 2014 MANU/APDR/0077/2014 Referred
A.P. (DIR Series) Circular No.95 dated April 17, 2015 MANU/APDR/0041/2015 Referred
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Foreign Direct Investment - Reporting under FDI Scheme on the e-Biz platform.
Attention of Authorised Dealers Category-I (AD Category - I) banks is invited to the provisions of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations 2000, notified by the Reserve Bank vide Notification No. FEMA 20/2000-RB, dated 3rd May 2000, as amended from time to time. Attention of AD Category - I banks is also invited to A.P. (DIR Series) Circular No.6 dated July 18, 2014.
2. With a view to promoting the ease of reporting of transactions under foreign direct investment, the Reserve Bank of India (RBI), under the aegis of the e-Biz project of the Government of India has enabled online filing of the Foreign Currency Transfer of Shares (FCTRS) returns for reporting transfer of shares, convertible debentures, partly paid shares and warrants from a person resident in India to a person resident outside India or vice versa.