FEMA regulation Act. for inward remitance

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This query is : Resolved

Girish Limbachiya (Querist)

18 July 2026 Dear Sir,
My Grand father did Investment in financial company in 1985 in Jersey UK. now that company is liquidated and I have received some fund as dividend and big amount of fund as shareholder's stake agaist investment in India . I am resident Indian.

We had intimated to RBI in 1985 about our investment and RBI issued us certificate in 1985 for said investment.

My bank is not crediting fund in my Bank account and asking to submit FC form . I have submitted all document which is proving our investment did in 1985.

I have checked on google FC form is not applicable to me. Just my bank (AD) has to inform RBI about received fund only.

Please advise whot process I have to follow up?

Thanking you
Girish Limbachiya

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)

19 July 2026 The querist is mistaken; Form FC is legally required under the 2022 FEMA Overseas Investment rules to report the liquidation of a foreign company. To get the funds credited, they must work with their AD Bank to generate a modern UIN for the legacy 1985 investment using their grandfather's succession documents. Once the UIN is active, they must file Form FC for disinvestment and declare the correct RBI purpose codes to release the remittance.

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