However, in case where the nonresident investor, acquires shares on the stock exchanges, the responsibility of filing the form fctrs is on investee company. In case of any delay in filing the rbi form fcgpr from the date of issue of shares and the date of credit of funds, the company is required to submit a reason for the delay on the letterhead of the company along with all the documents. Compliances and online filing of fdi related forms arf, fcgpr, fctrs bycs shiriti kumari. Fc gpr form news and updates from the economictimes. With effect from september 01, 2018, five forms viz.
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. To be filed by the company through its authorised dealer category i bank with the regional office of the rbi under whose. 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. The form fcgpr comes into use whenever there is new issue of shares. Earlier, reporting of foreign remittance was done on ebiz portal in two steps. Where certain details will be prefilled like cin, company name, pan number etc. Arf and fcgpr but under new reporting regime, arf and fcgpr have been merged into single fcgpr form which is now filed in smf. 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. 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. Form fctrs 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. Due date for filing form fc gpr due date for filing form fc gpr goes in three stages.
One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise. Form fc gpr is introduced to inform rbi about foreign funds received in india. Fcgpr is a formed issued by rbi under foreign exchange management act, 1999. Form fcgpr we name of the indian company declare that, being eligible to issue shares to nonresidents under the automatic route of rbi, furnish the following information in connection with shares issued. Rbi proposes heavy penalty for delay in reporting fdi for. The smf has been now made effective from 01 september, 2018 for filing of the following five forms. It has to be well kept in mind that merely uploading the form does not mean that all the compliances have been fulfilled, the compliance shall deem to be complete only after approval by the reserve bank of india rbi. Friends, can anyone pls share the format of cs certificate to be attached with fcgpr. Within 30 days from the date of issue of shares, file the form fcgpr with the. 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. An indian company issuing capital instruments to a person resident outside india and where. Any company or organization receiving foreign investment must report the transaction to the rbi within a stipulated timeline.
The company should file the fcgpr form within 30 days of allotment of shares to rbi. Every company having foreign direct investment fdi is required to. Detailed article on form fcgpr including what is fcgpr, procedure to file the form,list of documents required,issues faced while filing the form etc. 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. 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. We name of the indian company declare that, being eligible to issue shares to nonresidents under the automatic route of rbi.
Reporting under fctrs under smf has to be done within 60 days of transfer of capital instruments or receipt remittance of funds whichever is earlier. The user needs to login on the ebiz portal, download the relevant form. The login credentials for entity master cannot be used to make filing in single master form. Form fcgpr for issue of capital instruments by an indian company to a person residing outside india proi including reporting of receipt of share application money that was reported in erstwhile form arf.
Fdi reporting to rbi using form fcgpr indiafilings. Form fctrs for transfer of capital instruments between a person resident in india and a proi. 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 fcgpr 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. Download the advance reporting form ebiz portal, fill up all the mandatory.
Fdi reporting in form fcgpr under smf has to be done within 30 days after the allotment. This part shows all the forms issued by the reserve bank of india since inception of fema, 1999 i. Certificate of company secretary at all the requirements of company act, 20 has been complied with. Download form fcgpr foreign currency gross provisional.
When a foreign body corporate foreign residents invest in any indian company under. Foreign inward remittance certificate and foreign inward. Sample template example of fv gpr form in word format free download in word doc pdf free download partb of annex i to a. Non submission of fcgpr is a non compliance and rbi may impose penalty thereon. 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. Reporting under fema now at the discretion of the ad banks. Due date for filing form fcgpr due date for filing form fcgpr goes in three stages.
Rbi mandates online filing of fdi related forms arf, fcgpr. Any money come to india as fdi from any channel need to inform in fcgpr to rbi. We are a leading service provider of filing of form fcgpr, fling of fcnr, rbi under the provisions of fema, fctrs, annualand half yearly compliances with rbi, and reply to show cause notice from rbi from hyderabad, india. Rbi clarifies the process for filing the mandatory single master. Detailed article on form fcgpr including what is fcgpr, procedure to file the form,list of documents required,issues faced while filing the. It is a form issued by rbi under foreign exchange management act,1999. With effect from september 01,2018 all new filings for fcgpr, fctrs, llpi, llpii and cn will be in smf only. 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 currency. Within 30 days from the date of issue of securities, the company shall file form fcgpr with the rbi, in single master form smf attachment. Form foreign currencygross provisional return fcgpr.
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. 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. Prerequisites before reporting the transaction, applicant needs to obtain following. Subsumes of fcgrp, fctrs, llpi, llpii, cn, esop, di, drr forms into one single master form. 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. Format of cs certificate for fc gpr showing of 3 messages. We welcome you to view updated version of various forms under foreign exchange management act fema, 1999. Form foreign currencytransfer of shares fctrs shall be filed within 60 days from the date of receipt of the amount of consideration, with rbi. The company should file the fcgpr form within 30 days of allotment of shares. With the implementation of smf, the reporting of fdi, which is presently a twostep procedure viz. Prior to february 8, 2016, form fcgpr, arf and fctrs were required to be. Every company, making allotment to any foreign individual or company incorporated outside india, is required to report to reserve bank of india rbi in form fc gpr within 30 days from the date of allotment. Firc is a document issued on a preprinted security stationery depending on the purpose of the remittance at the request of the beneficiary.
Fcgpr, rbi circular, fcgpr, arf singhania and partners. This is towards issuing shares of indian company to a foreign resident. 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. 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. Legally fcgpr stands for foreign collaboration general permission route and fctrs stands for foreign currency transfer of shares. 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 fcgpr and click on the add new return. This fcgpr registration number is final approval of rbi for the foreign investment. Form fcgpr is introduced to inform rbi about foreign funds received in india.
In literal meaning, form fc gpr stands for foreign collaboration general permission route. Fc gpr form news and updates from the economic times page 6. Detailed article on form fc gpr including what is fc gpr, procedure to file the form,list of documents required,issues faced while filing the form etc. Issue of capital instruments by an indian company to a person resident outside india. For any future repatriation of share sale proceeds, the fcgpr registration number to be quoted. Form fctrs declaration regarding transfer of shares. Provisional return fcgpr form which a company requires to submit to rbi for. April 14, 2015 dear all welcome to the refurbished site of the reserve bank of india. Fcgpr, download document 105 kb, pdf document 82 kb.
Authorised dealer ad banks may be required to issue certificates to beneficiaries of inward remittances received through their medium for production as supporting evidence for claiming various facilities benefits entitlements under. The onus to submit the form or comply with the laws is on the resident entity. India simplifies foreign investment reporting process. Format of cs certificate for fcgpr showing of 3 messages. Rbi after due verification of fcgpr will allot a fcgpr registration number and communicate to the company. 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. 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. Rbi and fema compliances in respect of transfer and issue. Amendment to form fcgpr reporting of fdi by indian. Fc gpr form latest breaking news, pictures, videos, and special reports from the economic times. Compliances and online filing of fdi related forms arf. Single master form reporting of foreign investment in. Contact information form for creation of user idedpms 48 kb. Fcgpr form reporting with rbi for foreign direct investment.
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