No part of these pages, either text or image may be used for any purpose. Prepare form fcgpr refer annex 8 of master circular on foreign investment in india 20 for format of fcgpr as amended from time to time 4. Earlier, reporting of foreign remittance was done on ebiz portal in two steps. 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. The form fctrs should be submitted to the ad category i bank, within 60 days from the date of receipt of. With make in india initiative and global opportunities foreign investment in india is increasing. Part b of fc gprreporting date corporate law forum. Fc gpr form news and updates from the economic times page 6. It is interesting to note that reporting of only these common transactions have been enabled online and its mandatory to do so through ebiz. The next step for reporting the form fcgpr to the rbi the next set of details would be particulars of issues. Partb i this part of form fcgpr is to be submitted to the director. Formats of declaration to be attached with fcgpr ebizfiling. Download the advance reporting form ebiz portal, fill up all the mandatory. After completing the submission process for the form of registration of the new business user, you need to login to the firms into smf and reach your workspace.
Replied by anonymous on topic fc gpr and fctrs as such penalty can be levied on non compliance with fc gpr. Ca valuation in dcf method required cs certificate for application of funds. Certificate of company secretary at all the requirements of company act, 20 has been complied with. It helps a variety of small, medium and large businesses to cater to all. Detailed article on form fcgpr including what is fcgpr, procedure to file the form,list of documents required,issues faced while filing the. Fcgpr, rbi circular, fcgpr, arf singhania and partners. Certificate from the company secretary of the company accepting investment from persons resident outside india certifying that. Jun 29, 2012 29 june 2012 hi fc gpr is a formed issued by rbi under foreign exchange management act, 1999. 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 effect from september 01,2018 all new filings for fc gpr, fc trs, llpi, llpii and cn will be in smf only. Eligibility to use the nhs services depends mainly on residence in the uk, and on other qualifying provisions set out in the regulations. Maharashtra government in meeting has given approval for introduction of mvat amnesty scheme 2019. The form fc gpr comes into use whenever there is new issue of shares. An overview of foreign investment reporting of fcgpr. 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. 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. 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. With effect from september 01,2018 all new filings for fcgpr, fctrs, llpi, llpii and cn will be in smf only. For creating idson the portal, the following documents are required. The actual inflows and outflows on account of such transfer of shares shall be reported by the adbranch in the rreturns in the normal course reporting of transfer of shares between residents and nonresidents and vice versa is to be made in form fctrs. Form foreign currencygross provisional return fc gpr. Form fc 4 see rule 17 darpan id the secretary to the government of india, ministry of home affairs, foreigners division fcra wing major dhyan chand national stadium, india gate, new delhi12 note. 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. Documents for trade services imports import advance. Annex iii to the department of statistics and information management dsim, reserve bank of india, bandra kurla complex, mumbai 400 051, within. The report of receipt of consideration as well as form fc gpr have to be submitted by the ad bank to the regional office concerned of the reserve bank under whose jurisdiction the registered office of the company is situated. At the time of allotment of shares form fcgpr is filed. Format of cs certificate for fcgpr showing of 3 messages. 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 shares convertible debentures are issued to the foreign investor, along with. The report of receipt of consideration as well as form fcgpr have to be submitted by the ad bank to the regional office concerned of the reserve bank under whose jurisdiction the registered office of the company is situated.
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. Fdi reporting to rbi using form fcgpr rbi fdi compliance. 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. We name of the indian company declare that, being eligible to issue shares to nonresidents under the automatic route of rbi. Fcgpr reporting of foreign direct investmentfdi in india. This amnesty scheme is introduced with propose of closing down the disputed mvat cases. Part 1 of the series, wherein forms prescribed for reporting very common transactions, like, inward remittance arf, issuance of shares fc gpr and transfer of shares fc trs have been detailed.
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. This is an annual return to be submitted by 31 st july every year, pertaining to all investments by way. Format of cs certificate for fc gpr showing of 3 messages. In private limited companies investment upto 100% is allowed under certain categories. Delay in issue of sharesrefund of share application money beyond 60. This scheme aims to close pending cases on fast track mode and give concession to the dealers in government dues. Fdi reporting to rbi using form fcgpr foreign direct investment of upto 100% is allowed into indian private limited company and limited company for most of the sectors.
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. Forms department for promotion of industry and internal. Application for drawal of foreign exchange, download document.
May 05, 2015 form fc gpr needs to be filled up and signed by the director and along with all the annexures, needs to be submitted to the regional office of rbi through ad category 1 banks. Can any one help me out with the word file of form fcgpr part b filed with the rbi. 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 rbi has completely removed the manual filling and has issued ap dir series circular no. Certain documents are to be filed in a specified format while filing form fcgpr. Arf and fcgpr but under new reporting regime, arf and fcgpr have been merged into single fcgpr form which is now filed in smf.
Issue of shares of nonresidents under automatic route of rbi form fcgpr. 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. Return to be filed by an indian company who has arranged. Reporting of actual transactions of external commercial borrowings ecb download.
Cs certificate for fc gpr showing 15 of 5 messages. Form fctrs declaration regarding transfer of shares. Chance for host delhi dynamos to go top against northeast united 02 nov, 2015, 08. Rbi proposes heavy penalty for delay in reporting fdi for. Form foreign currencygross provisional return fcgpr.
The amount of fdi into india has increased manifold over the last few years due to a booming economy and welcoming environment for foreign investors. 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. Any company or organization receiving foreign investment must report the transaction to the rbi within a stipulated timeline. In case your company falls in this sector, you can start using the money before even filing the fc gpr form you have 180 days from date of arrival of money to file fc gpr. Select the return type select fc gpr, the user will be taken to the form fc gpr. Fc gpr form latest breaking news, pictures, videos, and special reports from the economic times. Rbi mandates online filing of fdi related forms arf, fcgpr. Hence, the users had the option to file arf, fcgpr and fctrs. A certificate from the company secretary certifying that. At the time of filing fc gpr the investee company shall be required to submit a certificate from a practising company secretarychartered accountant to the effect that provisions of section 42 of companies act, 20 have been complied with.
Compliances and online filing of fdi related forms arf, fcgpr, fctrs bycs shiriti kumari. 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. Unique identification number from rbi by reporting of advanced foreign remittance. At the time of allotment of shares form fc gpr is filed. Similar to the filing of fc trs which is filed online, the form fc gpr. Dear chimmu a part b of form fc gpr should be filed on an annual basis by the indian company, directly with the advisor, balance of payment statistical division, department of statistics and information management, rbi, c9, 8 th floor, bandrakurla complex, bandra e, mumbai400051. Filing of fcgpr fctrs if an indian company receives foreign remittance in foreign currency, for investment purpose, then it is necessary to report the rbi within 30 days from the date of issuance of foreign remittance certificate for amount received. 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.
However, share certificates for the same should be issued before you utilize those funds. There would be an auto populated table for the consolidated particulars of issue. 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 general permission for for. Form fcgpr part a original firc certificate from company secretary of the company accepting investments from foreign if the company doesnt have fulltime cs, a certificate from pcs may be submitted. 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. From foreign countries investment comes to indian companies in various modes. Application can be made in form fcil, which can be downloaded from. While forwarding the form, the authorised dealer will enclose a. Kyc of the overseas remitter certified copy from remitting bank. 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 fcgpr comes into use whenever there is new issue of shares. The company should file the fcgpr form within 30 days of allotment of shares. 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. Jul 26, 2016 this fcgpr form consists of two parts. Feb 03, 2016 the form fc gpr comes into use whenever there is new issue of shares.
The investments made by sebi registered fvci isare under fdi scheme, in terms of schedule 1 to notification no. Sample template example of fv gpr form in word format free download in word doc pdf free download partb of annex i to a. 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. The onus to submit the form or comply with the laws is on the resident entity. Within 30 days from the date of issue of shares, file the form fcgpr with the rbi along. Documents for trade services imports import advance payment. Rbi and fema compliances in respect of transfer and issue of. 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. The next step for reporting the form fc gpr to the rbi the next set of details would be particulars of issues. 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.
1337 1469 735 1348 895 301 1068 224 1019 452 1316 531 1360 1208 1150 977 871 124 1585 893 863 298 1154 1273 526 1252 1212 1244 1257 1220 389 841 132 876 660 313 1485