Form FC-TRS shall be required to be filed within sixty days of receipt/ remittance of funds or transfer of capital instruments whichever is earlier, under the following scenarios for transfer of capital instruments by way of sale:
From a person resident outside India holding capital instruments in an Indian company on a repatriable basis to a person resident outside India holding capital instruments on a non-repatriable basis
From a person resident outside India holding capital instruments in an Indian company on non-repatriable basis to a person resident outside India holding capital instruments on repatriable basis
From a person resident outside India holding capital instruments in an Indian company on repatriable basis to a person resident in India
From a person resident in India holding capital instruments in an Indian company to a person resident outside India holding capital instruments on repatriable basis
By a person resident outside on a recognized stock exchange