FDI Reporting to RBI using Form FC-GPR

India economy is making change in world. With Make in India initiative and global opportunities Foreign Investment in India is increasing.  In Private Limited companies investment upto 100% is allowed under certain categories. From Foreign countries investment comes to Indian companies in various modes. Form FC-GPR is introduced to inform RBI about foreign funds received in India. This is towards issuing shares of Indian company to a Foreign resident. Any Money come to India as FDI from any channel need to inform in FCGPR to RBI. In This Article we explained about how to file FCGRP , Penalty , Due Date , List of documents.

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Which are Investment securities mode covered under FDI ?

• Equity Shares
• Convertible Preference Shares
• Convertible Debentures

 

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Content of  FDI Reporting to RBI using Form FC-GPR

• PAN Number of Investee Company
• Address of Investee Company
• NIC Code of Main Activity of Business
• Percentage of FDI allowed as per FDI policy
• Details of Foreign Investor ( Name , Address, Constitution / Nature of the investing Entity )
• Particulars of Shares / Convertible Debentures /others Issued
• Type of security issued ( Equity , Compulsorily Convertible Debentures , Compulsorily Convertible Preference shares)

Download Form FCGPR

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Due Date For Filing Form FC-GPR

Due Date for Filing Form FC-GPR goes in three stages. Below explained

Stage 1	File Advance Remittance Form (ARF) within 30 day of receipt of share application funds
Stage 2 & 3	within 180 days of receipt share allotment need to be completed
	Within 30 day of allotment file FCGPR

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List of Documents for FCGPR

Form online portal FCGPR filing  need to be done. Following are important attachments for filing.

1. Certificate of Company Secretory
2. Share Valuation Report
3. Copy of Board Resolution
4. Banking KYC Documents
5. Copy of Foreign Inward Remittance Certificate ( FIRC )
6. Letter for Reason for delaying in filing FCGPR if any

 

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How to File Form FC-GPR

RBI issued A.P. (DIR Series) Circular No. 40 dated 01.02.2016 for online filing of Form FCGPR. New E Biz Portal is developed for filing. Form 08.02.2016 RBI removed procedure for manual filing. With introduction of this Circular Online Filing of Form FC-GPR is mandatory.

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Penalty For Non Filing of Form FC-GPR

Company who received foreign funds need to do reporting by filing Form FC-GPR. Within 30day of issue of shared report need to be done. For Non Filing of Form FC-GPR calls for penalty as below

1. Penalty minimum Rs. 5000/- or
2. 1 % of Total Amount of Investment ( Max Rs. 5 Lac )
3. or part thereof for the first six months of delay and twice that rate thereafter, to be paid online into a designated account in RBI

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What is Green Field ?

Green Field is when a Foreign parent company begins a new venture by constructing new facilities in India. New Production Capacity.

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What is Brown Field ?

It is when a company purchases an existing facility to begin new production. Foreign company invest in Existing production arrangements.

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File Form FC-GPR