FC-GPR and RBI Compliance
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FC-GPR and RBI Compliance
FC-GPR and RBI Compliance
Overview
When a company in India receives foreign direct investment (FDI) from a non-resident or foreign investor, it must report this transaction to the Reserve Bank of India (RBI) through the FC-GPR (Foreign Currency-Gross Provisional Return) form. This process is governed under the Foreign Exchange Management Act (FEMA), 1999, and is mandatory for all FDI-compliant companies.
Filing FC-GPR is a regulatory obligation and must be done within 30 days from the date of issue of shares to the foreign investor. Failure to comply can result in heavy penalties and legal consequences.
We at help Indian companies navigate through FEMA, RBI, and FDI-related compliance with end-to-end professional assistance.
What is FC-GPR?
Form FC-GPR (Foreign Currency – Gross Provisional Return) is a mandatory form that Indian companies must file when they issue shares or convertible debentures to a person or entity residing outside India (foreign investor). This form is filed on the RBI’s FIRMS Portal and helps the government track foreign capital inflows into the country.
When is FC-GPR Filing Required?
FC-GPR is required when:
A private limited company or public company receives foreign investment.
Shares or convertible securities are allotted to non-resident investors.
Equity shares, preference shares, or debentures are issued against inward remittance or conversion of capital.
Documents Required for FC-GPR Filing
Board Resolution for allotment
FIRC (Foreign Inward Remittance Certificate)
KYC Report from Authorized Dealer (Bank)
Valuation Certificate from Registered Valuer (as per FEMA)
Form PAS-3 (ROC filing)
List of Allottees
Declaration by Directors and Authorised Signatory
MOA & AOA of the Company
Digital Signature (DSC) of Authorised Signatory
Other RBI/FEMA Compliances We Handle:
✅ Filing of FC-TRS (Transfer of shares between resident and non-resident)
✅ Filing of Form ODI – For Indian investments in foreign companies
✅ Filing of Form ECB – For External Commercial Borrowings
✅ Annual Return on Foreign Liabilities and Assets (FLA Return)
✅ Reporting of Downstream Investment