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.
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|
2 & 3
|within 180 days of receipt share allotment need to be completed|
|Within 30 day of allotment file FCGPR|
Form online portal FCGPR filing need to be done. Following are important attachments for filing.
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.
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
Green Field is when a Foreign parent company begins a new venture by constructing new facilities in India. New Production Capacity.
It is when a company purchases an existing facility to begin new production. Foreign company invest in Existing production arrangements.