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.
|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|
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