Documents required while doing Outward Remittance under purpose code S0006:
# Copy of RBI letter allotting Registration no/ AD certified FC-TRS copy provided for allotment/transfer of shares.
# Share Transfer agreement or Buyer/Seller consent letter. In case of consent letter same should certify that all stipulations of NDI rules in case of transfer of shares has been complied with 15 CA/CB.
# Copy of RBI letter allotting Registration no/ AD certified FC-TRS copy provided for allotment/transfer of shares
# Valuation Certificate and it should contain the following information:
✓The valuation certificate shall not be more than 90 days old as on the date of share transfer.
✓Fair value per share should be mentioned.
✓Calculation to arrive the fair value along with method should be mentioned.
✓ It should be from CA/Cost accountant/SEBI merchant banker. In case report issued by CA/Cost accountant then UDIN number required. In case, report issued by SEBI merchant banker, then SEBI registration number is required.
# Undertaking relating to FC-TRS filing for transfer of shares from non- resident to resident FDI 50.
# Customer request letter form.
# Form A2 & FEMA declaration.
