{"id":3630,"date":"2018-01-16T13:04:25","date_gmt":"2018-01-16T07:34:25","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=3630"},"modified":"2022-01-25T17:54:03","modified_gmt":"2022-01-25T12:24:03","slug":"reporting-of-form-fc-gpr-to-rbi","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/reporting-of-form-fc-gpr-to-rbi\/","title":{"rendered":"REPORTING OF FORM FC-GPR TO RBI"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69de566384d05\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69de566384d05\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-gpr-to-rbi\/#REPORTING_OF_FORM_FC-GPR_TO_RBI\" title=\"REPORTING OF FORM FC-GPR TO RBI\">REPORTING OF FORM FC-GPR TO RBI<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-gpr-to-rbi\/#What_is_TimeLine_of_Form_FC-GPR\" title=\"What is TimeLine of Form FC-GPR\">What is TimeLine of Form FC-GPR<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-gpr-to-rbi\/#Before_reporting_the_transaction_the_applicant_needs_to_obtain_the_following\" title=\"Before reporting the transaction, the applicant needs to obtain the following:\">Before reporting the transaction, the applicant needs to obtain the following:<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-gpr-to-rbi\/#Document_required_for_FCGPR\" title=\"Document required for FCGPR\u00a0\">Document required for FCGPR\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-gpr-to-rbi\/#Electronic_Attachments\" title=\"Electronic Attachments:\">Electronic Attachments:<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-gpr-to-rbi\/#Enter_the_following_details_in_this_section\" title=\"Enter the following details in this section:\">Enter the following details in this section:<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-gpr-to-rbi\/#After_the_New_Process_of_RBI\" title=\"After the New Process of RBI :\">After the New Process of RBI :<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"REPORTING_OF_FORM_FC-GPR_TO_RBI\"><\/span>REPORTING OF FORM FC-GPR TO RBI<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/fcgpr-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8244\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/fcgpr-1-1024x691.jpg\" alt=\"fcgpr www.carajput.com\" width=\"849\" height=\"573\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/fcgpr-1-1024x691.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/fcgpr-1-300x203.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/fcgpr-1-768x518.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/fcgpr-1.jpg 1920w\" sizes=\"(max-width: 849px) 100vw, 849px\" \/><\/a><\/p>\n<p>RBI Circular No. 40 dated 1<sup>st<\/sup> February 2016; <a href=\"https:\/\/carajput.com\/blog\/tag\/rbi\/\">RBI<\/a> has made it mandatory to report any transactions and filing of forms online in respect of issue and transfer of shares from an Indian Entity to outside India.<\/p>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/Capture-11.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8242\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/Capture-11.png\" alt=\"www.carajput.com; NRI; OCI; NR; FCTRS\" width=\"1023\" height=\"449\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/Capture-11.png 1023w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/Capture-11-300x132.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/02\/Capture-11-768x337.png 768w\" sizes=\"(max-width: 1023px) 100vw, 1023px\" \/><\/a><\/p>\n<p><span style=\"font-size: 16px;\">Form FC-GPR comes into use whenever there is a new issue of shares. The onus to submit the form or comply with the laws is on the resident entity.<\/span>Any <a href=\"https:\/\/carajput.com\/blog\/tag\/public-limited-company\/\">Company<\/a> or Organization receiving foreign investment must report the transaction to the RBI within a stipulated timeline. Similar to the filing of FC-TRS which is filed online, the Form FC-GPR is also required to be filed online.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_TimeLine_of_Form_FC-GPR\"><\/span><span style=\"color: #000080;\"><strong>What is TimeLine of Form FC-GPR<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/filing-fcgpr-9-638.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8231\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/filing-fcgpr-9-638.jpg\" alt=\"www.carajput.com;FC-GPR\" width=\"638\" height=\"479\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/filing-fcgpr-9-638.jpg 638w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/filing-fcgpr-9-638-300x225.jpg 300w\" sizes=\"(max-width: 638px) 100vw, 638px\" \/><\/a><\/p>\n<p>The timeline is briefly described below:<\/p>\n<ol>\n<li>a) Foreign funds received<\/li>\n<li>b) Within 30 days of receiving the money file ARF (Advance Remittance Form) with the RBI<\/li>\n<li>c) RBI will issue UIN (Unique Identification Number) after submission of ARF<\/li>\n<li>d) Within 180 days from the date of receiving the money, allot the shares<\/li>\n<li>e) File FC-GPR within 30 days from the date of allocation of shares.<a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/fdi_img.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8233\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/fdi_img.png\" alt=\"www.carajput.com;FC-GPR(SMF)\" width=\"782\" height=\"189\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/fdi_img.png 782w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/fdi_img-300x73.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/fdi_img-768x186.png 768w\" sizes=\"(max-width: 782px) 100vw, 782px\" \/><\/a><\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Before_reporting_the_transaction_the_applicant_needs_to_obtain_the_following\"><\/span><strong>Before reporting the transaction, the applicant needs to obtain the following:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Unique Identification Number from RBI by reporting of Advanced Foreign Remittance.<\/li>\n<li>KYC report for the beneficiary if the beneficiary and remitter are different entities.<\/li>\n<li>CS certificate<\/li>\n<li>Certificate from SEBI registered Merchant Banker \/ Chartered Accountant indicating the manner of arriving at the price of the shares issued to the persons resident outside India<\/li>\n<li>Disclaimer Certificate<\/li>\n<li>Statutory Auditor Certificate<\/li>\n<li>Board resolution<\/li>\n<li>LRN(Loan Registration Number) allotted<\/li>\n<li>Copy of FIPB approval (if required)<\/li>\n<li>Details of Transfer of shares if any<\/li>\n<li>No objection certificate from the remitter for the shares being allotted to the third party mentioning their relationship<\/li>\n<li>Letter from the foreign investor explaining the reason for making subscription to shares by the remitter on his behalf<\/li>\n<li>Copy of agreement\/Board resolution from the investee company for issue and allotment of shares to the foreign investor, other than the remitter<\/li>\n<li>Reason for delay in submission (if required)<\/li>\n<\/ul>\n<p>Once all the above documents are obtained, the applicant shall duly fill the Form FC-GPR and complete it in all respects without any error, attach the Digital Signature of the applicant and upload the form online at https:\/\/www.ebiz.gov.in.<\/p>\n<p>In this case also, it is to be noted that merely filing the Form FC-GPR does not discharge an entity of its duties in regard to compliance of the relevant laws, the same shall be considered complete only after it is approved by the RBI.<\/p>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/filing-fcgpr-10-638.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8232\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/filing-fcgpr-10-638.jpg\" alt=\"www.carajput.com;FC-GPR; FDI\" width=\"800\" height=\"601\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/filing-fcgpr-10-638.jpg 638w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/filing-fcgpr-10-638-300x225.jpg 300w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Document_required_for_FCGPR\"><\/span><span style=\"color: #000080;\">Document required for FCGPR\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div>The following documents shall be required for FCGPR Filing<\/div>\n<div id=\"m_2298058195503507738gmail-:bn\">\n<ul>\n<li><span style=\"color: #003366;\">MOA of the Company<\/span><\/li>\n<li>Board resolution for allotment of shares <span style=\"color: #003366;\">\u00a0<\/span><\/li>\n<li>FIRC<\/li>\n<li>KYC form Bank<\/li>\n<li>CS Certificate<\/li>\n<li>Valuation report<\/li>\n<\/ul>\n<\/div>\n<div style=\"padding-left: 40px;\"><\/div>\n<p><span style=\"color: #003366;\"><strong>General Instructions<\/strong><\/span><\/p>\n<ul>\n<li>The electronic form (Form) can be accessed from service landing page and can be filled offline<\/li>\n<li>If you choose \u201cLoad prefill data\u201d option while opening the form, then some fields may get prefilled with data you have filled previously while applying for this service. You may change this data if you wish.<\/li>\n<li>The saved draft can be accessed later from \u201cMy Saved Drafts\u201d section in Menu options. This draft is available for 3 months or until the form is submitted.<\/li>\n<li>Field marked with * are mandatory and needs to be filled in before a form can be submitted on e-Biz portal. You may not be able to leave some of the field\u2019s blank in the e-Form. In case you wish not to enter data in a field, please input \u201cNA\u201d if it is a text\/description field or a 0, if it is a numeric field.<\/li>\n<li>The e-form needs to be digitally signed using a digital signature by the applicant. If applicant wishes to make any modifications to an already signed e-Form, right-clicking on the signature field and choosing \u201cClear signature\u201d will enable editing of form and any modifications can be made to the form.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Electronic_Attachments\"><\/span><span style=\"color: #000080;\"><strong>Electronic Attachments:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-20118\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/FCGPR-.jpg\" alt=\"FCGPR Carajput.com\" width=\"2048\" height=\"2048\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/FCGPR-.jpg 2048w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/FCGPR--300x300.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/FCGPR--1024x1024.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/FCGPR--150x150.jpg 150w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/FCGPR--768x768.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/FCGPR--1536x1536.jpg 1536w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/FCGPR--800x800.jpg 800w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/p>\n<p>Upload the file using the attached link and if you wish to remove any file, use the remove link.<\/p>\n<ul>\n<li>Reason for delay in submission: this attachment is required if the form is submitted after 30 days from the date of receipt of funds<\/li>\n<li>CS Certificate<\/li>\n<li>Certificate from SEBI registered Merchant Banker \/ Chartered Accountant indicating the manner of arriving at the price of the shares issued to the person resident outside India.<\/li>\n<li>Disclaimer certificate<\/li>\n<li>Statutory Auditor Certificate<\/li>\n<li>Board resolution<\/li>\n<li>LRN(Loan Registration Number) allotted<\/li>\n<li>Copy of FIPB approval (if required)<\/li>\n<li>Transfer of shares details, if applicable<\/li>\n<li>If the investor and remitter are separate entities, please provide the following documents:<\/li>\n<li>No objection certificate from the remitter for the shares being allotted to the third party mentioning their relationship<\/li>\n<li>Letter from the foreign investor explaining the reason for making subscription to shares by the remitter on his behalf<\/li>\n<li>\u00a0Copy of agreement\/Board resolution from the investee company for issue and allotment of shares to the foreign investor, other than the remitter<\/li>\n<li>\u00a0KYC report for the beneficiary<\/li>\n<li>Any other attachments: Add any other document if required.<\/li>\n<\/ul>\n<div>\n<div id=\"m_2298058195503507738gmail-:bp\">\n<div id=\"m_2298058195503507738gmail-:bo\">\n<div dir=\"ltr\">\n<h4><span class=\"ez-toc-section\" id=\"Enter_the_following_details_in_this_section\"><\/span><span style=\"color: #000080;\">Enter the following details in this section:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<ul>\n<li>Name of the Person<\/li>\n<li>Place details<\/li>\n<li>Date of signing the electronic form<\/li>\n<li>Designation.<\/li>\n<li>Digital Signature of Authorized signatory of the investee company.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"After_the_New_Process_of_RBI\"><\/span><span style=\"color: #000080;\"><strong>After the New Process of RBI<\/strong> :<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/FC-GPR.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8236\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/FC-GPR-1024x437.png\" alt=\"FC-GPR; www.carajput.com; Timeline\" width=\"843\" height=\"360\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/FC-GPR-1024x437.png 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/FC-GPR-300x128.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/FC-GPR-768x328.png 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/FC-GPR.png 1221w\" sizes=\"(max-width: 843px) 100vw, 843px\" \/><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/www.caindelhiindia.com\/blog\/faqs-on-rbi-reporting-under-single-master-form\/\">FIRMS<\/a> has decreased the number of phases via which any reporting is carried out by constraining its response to: pending approval &amp; approval or refusal as opposed to eBiz, where there have been multiple phases with the possibility of resubmission.<\/li>\n<li>It should therefore be noted that under <a href=\"https:\/\/www.caindelhiindia.com\/blog\/faqs-on-rbi-reporting-under-single-master-form\/\">FIRMS<\/a>, there is no possibility of resubmitting, resending, or affixing any clarification as soon as the report is generated.<\/li>\n<li>The Authorized Dealer Bank must take due to precaution whilst also approving or dismissing the form and therefore can not take more than 5 &#8211; 7 business days doing the same.<\/li>\n<\/ul>\n<p><iframe loading=\"lazy\" title=\"What is form FC-TRS?\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/hqkR4s-bZFU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>REPORTING OF FORM FC-GPR TO RBI RBI Circular No. 40 dated 1st February 2016; RBI has made it mandatory to report any transactions and filing of forms online in respect of issue and transfer of shares from an Indian Entity to outside India. Form FC-GPR comes into use whenever there is a new issue of &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,11],"tags":[1815,833,1820],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3630"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=3630"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3630\/revisions"}],"predecessor-version":[{"id":21511,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3630\/revisions\/21511"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=3630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=3630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=3630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}