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SHORT SUMMARY The Foreign Exchange Management Act, 1999 (FEMA), governs cross-border transactions in India, including foreign investments into Indian companies. When an Indian company allots shares to a foreign national (non-resident individual) through a Rights Issue or Private Placement, the tran
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Form FC-GPR is a regulatory filing required under the Foreign Exchange Management Act (FEMA) when an Indian company allots shares to a foreign national through a Rights Issue or Private Placement.
Before filing, you must create an 'Entity Master' account on the RBI portal, which requires details like PAN, CIN, and an authority letter. Following this, a 'Business User' account needs to be created and approved by your AD-bank, allowing access to the Single Master Form (SMF) workspace.
Essential documents include a valuation certificate, FIRC(s), AD-bank KYC report(s), board/shareholder resolutions, a list of allottees, and any government approval letters. All attachments must be in PDF format, under 5MB, and have clear filenames.
The FC-GPR form is filed through the Single Master Form (SMF) portal and submitted to your Authorised Dealer (AD) bank. The AD bank scrutinises the form and, if satisfied, forwards it to the RBI for final approval. You can track the status on the portal.
If there are errors, your AD bank will raise queries, and you can respond by 'Resubmitting' the form. For late submissions, a Late Submission Fee (LSF) must be paid through your AD-bank's AS-GEE portal, and a copy of the challan uploaded.
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