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Non filing of fc trs

(Querist) 28 April 2018 This query is : Resolved 

What is the action to be taken by the company in the case of Non fling of FCTRS which happened in 2008. Will there be penal actions against transferor. .

The Non Resident transferee company who is the parent company is not intending to repatriate the share proceeds as it has just funds to settle loans / liabilities.
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Dr J C Vashista (Expert) 29 April 2018
Explain the term FCRTS used by you for proper analyses and guidance.

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