Transfer of shares to non-resident individuals or entities, and foreign investors must be reported to the Reserve Bank of India in Form FC-TRS. Details of the transaction must be submitted within 60 days from the date of the transfer.

Details include:

a.Type of security transferred

b.Number of equity shares on a fully diluted basis

c.Face value of the security

d.Transfer price or sale consideration amount

e.Mode of payment

f.Name of the authorised dealer

g.Tranche details