Filing FC-GPR

Why should a company file FC-GPR ? Where should we file the FC-GPR ? Provisions for filing FC-GPR-FEMA &

Companies Act. When should we file FC-GPR (in how many

days)? How to file form FC-GPR on ebiz portal ?

Topic Covered

When a Foreign Body Corporate/ Foreign Residents Invest in any Indian Company under Automatic Route through Authorised Dealer. The Indian Company has to File the Prescribed FC-GPR Form with RBI on behalf of the Indian Company receiving Investment.

Why should a company file fc-gpr?

Based on the experience, it has been decided that beginning February 8, 2016, the physical filing of forms ARF, FCGPR and FC-TRS will be discontinued and forms submitted in online mode only through e-Biz portal will be accepted.

At present, both the options (online and physical) for filing of the forms are available to users

Where should we file the fc-gpr?

When should we file fc-gpr(in how many days)

A two-stage reporting procedure has to be followed:

Within 30 days of receipt of share application money ARF to be Filed.

Within 180 days of receipt Allotment to be done.

Within 30 days of Allotment FC-GPR to be Filed.

As per Notification FEMA No. 20 dated May 3, 2000, a report in Form FC-GPR- PART A together with the following documents should be filed with the Regional Office concerned of the Reserve Bank of India

Certificate from the Company Secretary

Certificate from Statutory Auditors indicating the manner of arriving at the

Provisions for filing fc-gpr-FEMA & Companies Act

As per Para 9 of Schedule I of Notification No. FEMA 20 /2000-RB dated 3rd May 2000 read as Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2000:

When a Foreign Entity/ Foreign Residents invests in any Indian Company under Automatic Route or Approval Route through Authorised Dealer, the Indian Company has to file form FC-GPR with RBI.

Applicability to file form FC-GPR

RBI vide its Circular No. 40 dated February 01, 2016 has mandated online filing of the said forms on e-Biz platform and discontinuation of the manual filing thereof, with effect from February 08, 2016.

Time limit for filing form FC-GPRA two-stage reporting procedure has to be followed:

Within 30 days of receipt of share application money ARF to be Filed.

Within 180 days of receipt Allotment to be done.

Within 30 days of Allotment FC-GPR to be Filed.

Procedural Steps for Reporting

How to file form FC-GPR on ebiz portal?Visit eBiz site: http://www.ebiz.gov.in

PAN of Investee Company. Date of issue of shares. Name, Address, State, PIN, Telephone No.

of Investee Company. Registration No. as allotted by ROC. Date of Incorporation. Choose whether Existing Company or New

Company. In case of Existing Company - Registration

No. allotted by RBI to be mentioned.

Details Required

Green Field is when a foreign parent company begins a new venture by constructing new facilities in India.

New production capacity.

What is Green Field?

It is when a Company purchases an existing facility to begin new production.

Foreign Company invests in existing production arrangements.

What is Brown Field?