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. Any delay in reporting beyond the prescribed period 30 days from the receipt of funds in case of report of arf and 30 days from issue of shares in case of report fc gpr shall attract a penalty of one percent of the total amount of investment subject to a minimum of rupees five thousand and maximum of rupees five lakhs per month or. Declaration of immovable property acquired in india by a person resident outside india who has established in india a branch, office or other place of business, excluding a liaison office 35 kb. Kyc will be issued by investors banker thru swift message which has to be generated in pdf format to be attached with the form. Replied by anonymous on topic fc gpr and fctrs as such penalty can be levied on non compliance with fc gpr. Where certain details will be prefilled like cin, company name, pan number etc. Dec 30, 2019 the next step for reporting the form fcgpr to the rbi the next set of details would be particulars of issues. Fcgpr part a to be filed by the company through its authorised dealer category i bank with the regional office of the rbi under whose jurisdiction the registered office of the company making the declaration is situated as and when fresh investment in the company is received, along with the following documents. The smf has been now made effective from 01 september, 2018 for filing of the following five forms. You have to attach an attachment stating the reason for late filing.
Dear learned members, recently rbi has raised a query saying that the format of cs certificate is not as prescribed and nic code is not mentioned in cs certificate. Get a sebi registered merchant banker chartered accountant certificate for the share valuation indicating the manner of arriving at the price of the shares issued to the persons resident outside india. The detailed procedure for online submission of fcgpr. Single master form the smf will subsume the existing forms for reporting of issue and transfer of shares, i. Download the advance reporting form ebiz portal, fill up all the mandatory details in the form along with following required documents.
Rbi and fema compliances in respect of transfer and issue. Form fc gpr to be filed by the company through its authorised dealer category i bank with the regional office of the rbi under whose jurisdiction the registered office of the company making the declaration is situated as and when sharesconvertible debentures others are issued to the foreign investor, along. To be filed by the company through its authorised dealer category i bank with the regional office of the rbi under whose. When the company receives the foreign investment and against such investment the company allots shares to such foreign investor then it is the duty of the company to file details of such allotment of shares with the rbi within 30. The form fc gpr comes into use whenever there is new issue of shares. Compliances and online filing of fdi related forms arf, fcgpr, fctrs bycs shiriti kumari.
Single master form reporting of foreign investment in. Sep 08, 2016 the form fc trs should be submitted to the ad bank, within 60 days from the date of receipt of the amount of consideration. Considering the complex nature of data the rbi has decided to allow single form fdi reporting subsuming arf advance reporting form fc gpr forms used for filing under fdi reporting rbi vide its circular dated on june 7, 2018. Unique identification number from rbi by reporting of advanced foreign remittance. Sample template example of fv gpr form in word format free download in word doc pdf free download partb of annex i to a. Rbi proposes heavy penalty for delay in reporting fdi for.
Fcgpr, rbi circular, fcgpr, arf singhania and partners. Fc gpr form latest breaking news, pictures, videos, and special reports from the economic times. Jul 04, 2018 it is important to note that with the implementation of smf, the reporting of foreign direct investment fdi, which is presently a twostep procedure viz. Single master form reporting of foreign investment in india. The investments made by sebi registered fvci isare under fdi scheme, in terms of schedule 1 to notification no. On single master form click on the drop down menu return typewhere you will be able to see different types of forms select form fcgpr and click on the add new return. With effect from september 01, 2018, five forms viz. The reporting of form fctrs should be submitted to the ad category bank within a period of 60 days from the date of receiving the money. Form fcgpr for issue of capital instruments by an indian company to a person residing outside.
Kyc of the overseas remitter certified copy from remitting bank. With a view to promoting the ease of reporting of transactions under foreign direct investment fdi, the filing of the arf, form fcgpr and form fctrs has been enabled under the ebiz platform of the government of india. It is important to note that with the implementation of smf, the reporting of foreign direct investment fdi, which is presently a twostep procedure viz. Fcgpr, download document 105 kb, pdf document 82 kb.
Please refer to our news alerts dated 08 june 2018 and 29 june 2018 for the previous rbi circulars. For creating idson the portal, the following documents are required. The next step for reporting the form fc gpr to the rbi the next set of details would be particulars of issues. Form foreign currencytransfer of shares fc trs shall be filed within 60 days from the date of receipt of the amount of consideration, with rbi. Form fc trs declaration regarding transfer of shares compulsorily and mandatorily convertible preference shares cmcps debentures others by way of sale from resident to non resident nonresident to resident to be submitted to the designated ad branch in quadruplicate within 60 days from the date of receipt of funds. Earlier, reporting of foreign remittance was done on ebiz portal in two steps. Certificate from the company secretary of the company accepting investment from persons resident outside india certifying that. Ca valuation in dcf method required cs certificate for application of funds.
With effect from september 01,2018 all new filings for fc gpr, fc trs, llpi, llpii and cn will be in smf only. Issue of capital instruments by an indian company to a person resident outside india. Fcgpr is a form in that a company requires to submit to rbi for reporting of the issue of eligible instruments to overseas investor against any. Prepare form fc gpr refer annex 8 of master circular on foreign investment in india 20 for format of fc gpr as amended from time to time 4. Rbi has made it mandatory to report any transactions and filing of forms online in respect of issue and transfer of shares from an indian entity to outside india the form fc gpr comes into use whenever there is new issue of shares. When i company receive foreign investment and against such investment the company allot shares to such foreign investor, then it is the duty of company to file details of such allotment of shares with rbi with in 30 days, then company use fc gpr foreign currency general permission for for. Fcgpr form reporting with rbi for foreign direct investment. The form fc trs should be submitted to the ad bank, within 60 days from the date of receipt of the amount of consideration. Within 30 days from the date of issue of shares, file the form fcgpr with the. Arf and fc gpr but under new reporting regime, arf and fc gpr have been merged into single fc gpr form which is now filed in smf. With a view to promoting the ease of reporting of transactions under foreign direct investment fdi, the filing of the arf, form fc gpr and form fc trs has been enabled under the ebiz platform of the government of india. The onus of submission of the form fc trs within the given time frame would be on the transferor transferee, resident in india.
Certificate indicating fair value of shares from a chartered accountant sebi registered category i merchant banker 2. Download the advance reporting form ebiz portal, fill up all the mandatory. Documents for trade services imports import advance. The company should file the fc gpr form within 30 days of allotment of shares. An overview of foreign investment reporting of fcgpr. Form fc gpr for issue of capital instruments by an indian company to a person residing outside. Form fcgpr to be filed with the regional office of the rbi under whose jurisdiction the registered office of the company making the declaration is situated we name of the companydeclare that, being eligible to issue shares to nonresidents under the. Process a download form from prefilled form fctrs from bfill the required details of the investee company i name of the company ii pan of the company iii address of the company. This field is applicable where the capital instruments issued are either partly paid up or share warrants where form fc gpr is filed multiple times for one allotment, as and when the remittance is received. Copy of brokers note if sale purchase is made on stock exchange. In private limited companies investment upto 100% is allowed under certain categories. On single master form click on the drop down menu return type where you will be able to see different types of forms select form fc gpr and click on the add new return. With make in india initiative and global opportunities foreign investment in india is increasing. Within 30 days from the date of issue of shares, form fcgpr must be filed with.
Form foreign currencytransfer of shares fctrs shall be filed within 60 days from the date of receipt of the amount of consideration, with rbi. Process a download form from prefilled form fc trs from bfill the required details of the investee company i name of the company ii pan of the company iii address of the company. Form fcgpr to be filed by the company through its authorised dealer category i bank with the regional office of the rbi under whose jurisdiction the registered office of the company making the declaration is situated as and when. India simplifies foreign investment reporting process.
Feb 03, 2016 the form fc gpr comes into use whenever there is new issue of shares. Rbi and fema compliances in respect of transfer and issue of. Similar to the filing of fc trs which is filed online, the form fc gpr. Form fcgpr to be filed by the company through its authorised dealer category i bank with the regional office of the rbi under whose jurisdiction the registered office of the company making the declaration is situated as and when sharesconvertible debentures others are issued to the foreign investor, along with the documents mentioned. Foreign investment in india reporting in single master form.
From foreign countries investment comes to indian companies in various modes. The rbi has completely removed the manual filling and has issued ap dir series circular no. Cs certificate for fc gpr showing 15 of 5 messages. Enter the reference number, if any, which could be ebiz application number or the acknowledgement number for the previously filed fc gpr. When i company receive foreign investment and against such investment the company allot shares to such foreign investor, then it is the duty of company to file details of such allotment of shares with rbi with in 30 days, then company use fcgpr foreign. On single master form click on the drop down menu return typewhere you will be able to see different types of forms select form fc gpr and click on the add new return. It is a form issued by rbi under foreign exchange management act,1999. In literal meaning, form fc gpr stands for foreign collaboration general permission route. If you file fc gpr through online beyond 30 days of the allotment of shares to fdi investor, rbi online form will come with the message form being filed beyond 30 days and will not allow you to proceed further. Compliances and online filing of fdi related forms arf.
The login credentials for entity master cannot be used to make filing in single master form. Any company or organization receiving foreign investment must report the transaction to the rbi within a stipulated timeline. Format of cs certificate for fc gpr showing of 3 messages. With the implementation of smf, the reporting of fdi, which is presently a twostep procedure viz. Fdi reporting to rbi using form fcgpr indiafilings. Fair value of issue in rupees to be filled in as per the valuation certificate issued by the authorised person along with the attachment as valuation. The design of the reporting platform enables the customer to login into the ebiz portal, download the reporting forms. Contact information form for creation of user idedpms 48 kb. There would be an auto populated table for the consolidated particulars of issue. Replied by anonymous on topic fcgpr and fctrs as such penalty can be levied on non compliance with fc gpr. Form di and form invi which shall be used for reporting of downstream indirect foreign investment in a company or llp and reporting of foreign investment in an investment vehicle respectively. Issue of shares of nonresidents under automatic route of rbi form fc gpr. Return to be filed by an indian company who has arranged issue of gdradr. The onus to submit the form or comply with the laws is on the resident entity.
Jun 29, 2012 29 june 2012 hi fc gpr is a formed issued by rbi under foreign exchange management act, 1999. Part a of form fcgpr has to be duly filled up and signed by the authorised signatory and submitted to the authorised dealer of the company, who will forward it to the reserve bank. We name of the indian company declare that, being eligible to issue shares to nonresidents under the automatic route of rbi. Form fctrs declaration regarding transfer of shares. When the company receives the foreign investment and against such investment the company allots shares to such foreign investor then it is the duty of the company to file details of such allotment of shares.
Fc gpr form news and updates from the economic times page 3. Part a of form fc gpr has to be duly filled up and signed by the authorised signatory and submitted to the authorised dealer of the company, who will forward it to the reserve bank. Fdi reporting to rbi using form fcgpr rbi fdi compliance. Form fc trs declaration regarding transfer of shares compulsorily and mandatorily convertible preference shares cmcps debentures others by way of sale from resident to non resident nonresident to resident to be submitted to the designated ad branch in quadruplicate within 60 days from the date. Jun 28, 2018 considering the complex nature of data the rbi has decided to allow single form fdi reporting subsuming arf advance reporting form fc gpr forms used for filing under fdi reporting rbi vide its circular dated on june 7, 2018. The reporting of form fc trs should be submitted to the ad category bank within a period of 60 days from the date of receiving the money.
386 1002 120 825 136 51 379 909 611 1277 880 41 64 866 383 260 999 389 111 814 870 70 971 1280 913 811 396 935 231 526 323 472 83 587 625 1153 336