What is FC-GPR filing?

What is FC-GPR filing?

Form FC-GPR is issued by the Reserve Bank of India (RBI) when the company receives foreign investment. Accordingly, the company will issue shares to a foreign investor on such investment. Also, it is mandatory for the company to file details of such allotment of shares using the Form FC-GPR.

How can I file FC-GPR with RBI?

Now that all the above information and documents are obtained, The Form FC-GPR can be filed using the following steps:

1. Step 1: Registration for Business User.
2. Step 2: Logging in to firms.
3. Step 3: Logging in to SMF and reach out to your workspace.
4. Step 4: Select the Return type.
5. Step 5: Common Investment details.

Who decides FDI policy in India?

Foreign Investment in India is governed by the FDI policy announced by the Government of India and the provisions of the Foreign Exchange Management Act (FEMA) 1999. Reserve Bank of India has issued Notification No. FEMA 20/2000-RB dated May 3, 2000 which contains the Regulations in this regard.

What if FC-GPR is not filed?

Penalty for Non-filling of Form FC-GPR INR 5000 or. 1 % of the total amount of investment, which can up to a maximum of 5 lakh or. Part thereof for the first six months of delay and after that rate will be 2 times. This amount to be transferred into an RBI’s designated bank account.

What is FDI RBI?

Foreign Direct Investment (FDI) is the investment through capital instruments by a person resident outside India (a) in an unlisted Indian company; or (b) in 10 percent or more of the post issue paid-up equity capital on a fully diluted basis of a listed Indian company.

Which is a suitable remark in form FC-GPR?

For the guidance of FVCI investors, a suitable remark in para 3 (4) and 5 (a) (4) of form FC-GPR and para 4 (4) and para 5 (4) of form FC-TRS, has been incorporated, which would read as follows: ‘The investment/s made by SEBI registered FVCI is/are under FDI Scheme, in terms of Schedule 1 to Notification No. FEMA 20 dated May 3, 2000.’

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How are FC-GPR and FC-TRS reported by RBI?

Such transactions would be reported by the custodian bank in the monthly reporting format as prescribed by RBI from time to time. Revised forms FC-GPR and FC-TRS are annexed as ANNEX-I and ANNEX-II, respectively, to this A.P. (DIR Series) Circular.

When to file fcgpr with Reserve Bank of India?

Within 30 days from the date of issue of shares, a report in Form FC-GPR- PART A together with the following documents should be filed with the Regional Office concerned of the Reserve Bank of India. · Certificate from the Company Secretary of the company accepting investment from persons resident outside India certifying that: