Filing of fc-gpr with rbi

you should have filed FCGPR annual return Due date 31st July each year i.e, 31/07/2009, 31/07/2010, 31/07/2011 Further you shall also have filed statement of assets and liabilities (in your case its a liability) You should have filed KYC Form for that foreign creditor and also should have filed FCGPR Annexure A within 30 days of allotment of shares. It seems that you have not complied with any of these requirement. so this case is very much falling within the scope of compunding proceedings advise to take guidance of FEMA/RBI consultant and deal with the matter diplomatically regards

Thank you sir