{"id":8264,"date":"2020-09-16T13:37:31","date_gmt":"2020-09-16T08:07:31","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=8264"},"modified":"2022-01-19T11:27:09","modified_gmt":"2022-01-19T05:57:09","slug":"fema-compliance-for-fdi-in-equity-share-in-india","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/fema-compliance-for-fdi-in-equity-share-in-india\/","title":{"rendered":"FEMA Compliance for FDI in Equity share in India"},"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-69dd5ba14a522\" 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-69dd5ba14a522\"  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\/fema-compliance-for-fdi-in-equity-share-in-india\/#FCGPR_%E2%80%93_FEMA_Compliance_for_FDI_in_Equity_share_in_India\" title=\"FCGPR &#8211; FEMA Compliance for FDI in Equity share in India\">FCGPR &#8211; FEMA Compliance for FDI in Equity share in India<\/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\/fema-compliance-for-fdi-in-equity-share-in-india\/#OVERVIEW\" title=\"OVERVIEW\">OVERVIEW<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/fema-compliance-for-fdi-in-equity-share-in-india\/#What_is_FCGPR\" title=\"What is FCGPR?\">What is FCGPR?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/fema-compliance-for-fdi-in-equity-share-in-india\/#Time_Limit_for_filing_FORM_FCGPR\" title=\"Time Limit for filing FORM FCGPR\">Time Limit for filing FORM FCGPR<\/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\/fema-compliance-for-fdi-in-equity-share-in-india\/#Applicable_Regulation\" title=\"Applicable Regulation\u00a0\">Applicable Regulation\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/fema-compliance-for-fdi-in-equity-share-in-india\/#Routes_of_Foreign_Direct_InvestmentFDI\" title=\"Routes of Foreign Direct Investment(FDI)\">Routes of Foreign Direct Investment(FDI)<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/fema-compliance-for-fdi-in-equity-share-in-india\/#The_following_process_shall_be_followed_for_reporting_of_Foreign_Direct_Investment_FDI_in_India\" title=\"The following process shall be followed for reporting of Foreign Direct Investment (FDI) in India:\">The following process shall be followed for reporting of Foreign Direct Investment (FDI) in India:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/fema-compliance-for-fdi-in-equity-share-in-india\/#Step_2_Creation_of_Entity_Master\" title=\"Step 2: Creation of Entity Master \">Step 2: Creation of Entity Master <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/fema-compliance-for-fdi-in-equity-share-in-india\/#Step_3_Registration_for_Business_User_on_Firms_Portal\" title=\"Step 3 Registration for Business User on Firms Portal\">Step 3 Registration for Business User on Firms Portal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/fema-compliance-for-fdi-in-equity-share-in-india\/#Step_4_Reporting_of_FDI_Received\" title=\"Step 4 Reporting of FDI Received\">Step 4 Reporting of FDI Received<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/fema-compliance-for-fdi-in-equity-share-in-india\/#Consequences_of_late_filing_of_FORM_FCGPR\" title=\"Consequences of late filing of FORM FCGPR\">Consequences of late filing of FORM FCGPR<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/fema-compliance-for-fdi-in-equity-share-in-india\/#How_Rajput_Jain_Associates_can_Assist\" title=\"How Rajput Jain &amp; Associates can Assist\u00a0\">How Rajput Jain &amp; Associates can Assist\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/fema-compliance-for-fdi-in-equity-share-in-india\/#Frequently_Ask_QuestionFAQ\" title=\"Frequently Ask Question(FAQ)\">Frequently Ask Question(FAQ)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/carajput.com\/blog\/fema-compliance-for-fdi-in-equity-share-in-india\/#FEMA_DGFT_other_related_Compliances\" title=\"FEMA, DGFT &amp; other related Compliances:\">FEMA, DGFT &amp; other related Compliances:<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/carajput.com\/blog\/fema-compliance-for-fdi-in-equity-share-in-india\/#Write_to_RAJPUT_JAIN_ASSOCIATES_or_call_us_on_9555555480\" title=\"Write to RAJPUT JAIN &amp; ASSOCIATES\u00a0 or call us on 9555555480\">Write to RAJPUT JAIN &amp; ASSOCIATES\u00a0 or call us on 9555555480<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FCGPR_%E2%80%93_FEMA_Compliance_for_FDI_in_Equity_share_in_India\"><\/span><a href=\"https:\/\/carajput.com\/form-fcgpr-filling-of-fdi-reporting-with-rbi.php\"><span style=\"color: #0000ff;\">FCGPR &#8211; FEMA Compliance for FDI in Equity share in India<\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"OVERVIEW\"><\/span><span style=\"color: #0000ff;\"><strong>OVERVIEW<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>FDI Stands for <span style=\"color: #333333;\">Foreign <\/span>Direct Investment (FDI) <a href=\"https:\/\/www.caindelhiindia.com\/blog\/banking-complaints-with-rbis-ombudsman\/\">Reserve Bank of India<\/a> has made regulations and issued certain notifications in relation to the receipt of Foreign Direct Investment (<a href=\"https:\/\/carajput.com\/blog\/tag\/foreign-direct-investment\/\">FDI<\/a>) in India.<\/p>\n<p>RBI has allowed the receipt of Foreign Direct Investment (FDI) by the way of the issue of capital instruments in India.<\/p>\n<p>Further, the company receiving Foreign Direct Investment (FDI) has to make reporting of receipt of FDI in form FCGPR.<\/p>\n<p>Form FCGPR is required to be filed in case the company is issuing equity shares, Compulsorily Convertible Preference Shares (CCPS)\/ Compulsorily Convertible <a href=\"https:\/\/carajput.com\/blog\/tag\/debenture-redemption-reserve\/\">Debentures<\/a> (CCD) to a person resident outside India.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_FCGPR\"><\/span><span style=\"color: #0000ff;\">What is FCGPR?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>FCGPR stands for the Foreign Collaboration general permission route. RBI has specified Form FCGPR for making reporting of Foreign Direct Investment (FDI).<\/p>\n<p>Whenever a Company issues equity shares, Compulsorily Convertible Preference Shares (CCPS)\/ Compulsorily Convertible Debentures (CCD) in consideration of money received from a person resident outside India by way of Foreign Direct Investment (FDI), then the company needs to file FORM FCGPR using FIRMS Portal.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Time_Limit_for_filing_FORM_FCGPR\"><\/span><span style=\"color: #0000ff;\"><strong>Time Limit for filing FORM FCGPR<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<figure id=\"attachment_8273\" aria-describedby=\"caption-attachment-8273\" style=\"width: 638px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/filing-fcgpr-9-638.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8273\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/filing-fcgpr-9-638.jpg\" alt=\"www.carajput.com; time limit for FORM FC-GPR\" width=\"638\" height=\"479\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/filing-fcgpr-9-638.jpg 638w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/filing-fcgpr-9-638-300x225.jpg 300w\" sizes=\"(max-width: 638px) 100vw, 638px\" \/><\/a><figcaption id=\"caption-attachment-8273\" class=\"wp-caption-text\">www.carajput.com; time limit for FORM FC-GPR<\/figcaption><\/figure>\n<p>Form FCGPR needs to be filed within 30days of allotment of shares \/ Compulsorily Convertible Preference Shares (CCPS)\/ Compulsorily Convertible Debentures (CCD).<\/p>\n<p><a href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-gpr-to-rbi\/\">Reporting FORM FC-GPR<\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Applicable_Regulation\"><\/span><strong><span style=\"color: #0000ff;\">Applicable Regulation<\/span>\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Inward remittance of Foreign Direct Investment (FDI) by a person resident outside India is regulated by Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017<\/p>\n<p><strong><span style=\"color: #0000ff;\">Document Required for filing FORM FCGPR<\/span><\/strong><\/p>\n<p>The following documents shall be required for filing Form FCGPR:<br \/>\n1 Board Resolution for Allotment of Shares \/ Compulsorily Convertible Preference Shares (CCPS)\/ Compulsorily Convertible Debentures (CCD)<\/p>\n<p>2 Memorandum of Association of the company in case the shares are allotted for the subscription to the Memorandum of Association (MOA)<\/p>\n<p>3 Foreign Inward remittance Certificate (FIRC) from AD Bank<\/p>\n<p>4 KYC from AD Bank<\/p>\n<p>5 Valuation certificate regarding the value of shares from the Chartered Accountant<\/p>\n<p>6 CS Certificate in the prescribed format<\/p>\n<p>7 Declaration by Authorised representative of the Company<\/p>\n<p>8 Debit Authorisation for debiting charges from the Bank<\/p>\n<p>9 Declaration regarding issue price by the directors of the Company<\/p>\n<p>10 Reason for delay in submission, if any<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Routes_of_Foreign_Direct_InvestmentFDI\"><\/span><span style=\"color: #0000ff;\"><strong>Routes of Foreign Direct Investment(FDI)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>FDI can be received by way of the following routes:<\/p>\n<p>1 <strong>Automatic Route<\/strong>: where no approval is required for getting inward remittance from a person resident outside India.<\/p>\n<p>2 <strong>Government Approval Route:<\/strong> There are certain sectors in which government approval is required for receiving inward remittance from a person resident outside India.<\/p>\n<p><span style=\"color: #0000ff;\"><strong>Prohibited Sector for Foreign Direct Investment(FDI)<\/strong><\/span><\/p>\n<p>A person resident outside India cannot make any Foreign Direct investment in any of the following sectors:<\/p>\n<p>1 Lottery Business. It includes the Government \/ private lottery or online lotteries<\/p>\n<p>2 Gambling and betting including casinos<\/p>\n<p>3 Chit Fund (except for investment made by NRI\u2019s and OCI\u2019s on a Non \u2013 repatriation basis)<\/p>\n<p>4 Nidhi Company<\/p>\n<p>5 Trading in Transferable Development Rights (TDR\u2019s)<\/p>\n<p>6 Real Estate business or construction of Farmhouses<\/p>\n<p>7 Manufacturing of Cigars, cheroots, cigarillos and cigarettes, tobacco or of tobacco substitutes.<\/p>\n<p><strong><u>Note<\/u><\/strong>: The prohibition is on the manufacturing of the products mentioned and foreign investment in other activities relating to these products including wholesale cash and carries, retail trading, etc. will be governed by the sectoral restrictions laid down in Regulation 16 of <a href=\"https:\/\/carajput.com\/fema.php\">FEMA 20(R).<\/a><\/p>\n<p>8 Activities\/sectors not open to private sectors investment i.e Atomic energy and Railway operations<\/p>\n<p>9 Foreign technology collaboration in any form including licensing for franchise, trademark, brand name, management contract is also prohibited for Lottery Business and Gambling and Betting activities.<\/p>\n<p><em><a href=\"https:\/\/carajput.com\/blog\/benefits-of-start-ups-under-the-startup-india-scheme\/\"><u><strong>For more reading: <\/strong><\/u><strong>Advantages and know details about Startup India Scheme<\/strong><\/a><\/em><\/p>\n<p><strong><span style=\"color: #0000ff;\">Process for filing FORM FCGPR<\/span><\/strong><\/p>\n<h4><span class=\"ez-toc-section\" id=\"The_following_process_shall_be_followed_for_reporting_of_Foreign_Direct_Investment_FDI_in_India\"><\/span>The following process shall be followed for reporting of Foreign Direct Investment (FDI) in India:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><strong>Step 1: Registration for Entity User on Firms Portal<\/strong><\/p>\n<p>The company has first of needs to get the registration of Entity user on the FIRM&#8217;s Portal in case the reporting of FDI is being made the first time for the Company.<\/p>\n<p>In the case of subsequent reporting, the company does not need to make any registration for entity users.<\/p>\n<p><strong><u>Documents to be attached<\/u><\/strong>: Authority letter in signed Format, PAN of Entity, and PAN of Authorised Representative of the company.<\/p>\n<p>After registering an entity user, the concerned authority will check and verify the details and documents filed and after being satisfied, a Password will be sent to the registered email ID which needs to change.<\/p>\n<figure id=\"attachment_8268\" aria-describedby=\"caption-attachment-8268\" style=\"width: 746px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/entity-user.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8268\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/entity-user.png\" alt=\"www.carajput.com; Entity User Registration\" width=\"746\" height=\"373\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/entity-user.png 746w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/entity-user-300x150.png 300w\" sizes=\"(max-width: 746px) 100vw, 746px\" \/><\/a><figcaption id=\"caption-attachment-8268\" class=\"wp-caption-text\">www.carajput.com; Entity User Registration<\/figcaption><\/figure>\n<h4><span class=\"ez-toc-section\" id=\"Step_2_Creation_of_Entity_Master\"><\/span><strong>Step 2: Creation of Entity Master <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>After registration of entity user, there needs to create an entity master by logging into the FIRM&#8217;s Portal using the User ID and Password as created in the entity user process.<\/p>\n<p>The Company needs to fill all the details as required in the entity master form in the FIRM&#8217;s Portal and then click on \u201cSubmit\u201d.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Step_3_Registration_for_Business_User_on_Firms_Portal\"><\/span><strong>Step 3 Registration for Business User on Firms Portal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>After the creation of Entity Master, the company needs to apply for business user registration.<\/p>\n<p>One important point to be noted is that here in the business user form the company needs to select the IFSC Code of the AD Bank from the Drop Down. So, the company should confirm the IFSC Code to be chosen in the form in advance from the Concerned Bank.<\/p>\n<p><strong><u>Documents to be attached<\/u><\/strong>: Authority letter in signed Format, PAN of Entity, and PAN of Authorised Representative of the company.<\/p>\n<figure id=\"attachment_8267\" aria-describedby=\"caption-attachment-8267\" style=\"width: 649px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/business-user.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8267\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/business-user.jpg\" alt=\"www.carajput.com; Business User Registration\" width=\"649\" height=\"403\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/business-user.jpg 649w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/business-user-300x186.jpg 300w\" sizes=\"(max-width: 649px) 100vw, 649px\" \/><\/a><figcaption id=\"caption-attachment-8267\" class=\"wp-caption-text\">www.carajput.com; Business User Registration<\/figcaption><\/figure>\n<h4><span class=\"ez-toc-section\" id=\"Step_4_Reporting_of_FDI_Received\"><\/span><strong>Step 4 Reporting of FDI Received<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>The Last step is to make the reporting of remittance received from a person resident outside India. The company needs to fill in all the required details and attach the relevant documents as mentioned above while making reporting in this form and then submit the Form.<\/p>\n<figure id=\"attachment_8269\" aria-describedby=\"caption-attachment-8269\" style=\"width: 715px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/rbi-deshborad.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8269\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/rbi-deshborad.jpg\" alt=\"www.carajput.com; RBI\" width=\"715\" height=\"409\" \/><\/a><figcaption id=\"caption-attachment-8269\" class=\"wp-caption-text\">www.carajput.com; RBI<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<figure id=\"attachment_8270\" aria-describedby=\"caption-attachment-8270\" style=\"width: 729px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/rbi-menu.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8270\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/rbi-menu.jpg\" alt=\"www.carajput.com; RBI\" width=\"729\" height=\"403\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/rbi-menu.jpg 302w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/rbi-menu-300x166.jpg 300w\" sizes=\"(max-width: 729px) 100vw, 729px\" \/><\/a><figcaption id=\"caption-attachment-8270\" class=\"wp-caption-text\">www.carajput.com; RBI<\/figcaption><\/figure>\n<figure id=\"attachment_8271\" aria-describedby=\"caption-attachment-8271\" style=\"width: 810px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/rbi-search.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8271\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/rbi-search.png\" alt=\"www.carajput.com; RBI\" width=\"810\" height=\"480\" \/><\/a><figcaption id=\"caption-attachment-8271\" class=\"wp-caption-text\">www.carajput.com; RBI<\/figcaption><\/figure>\n<p>After filing Form FCGPR, the AD Bank or both AD Bank and RBI as the case may be will check the form and in case any discrepancy is found in the Form, then they will reject the Form giving the appropriate reasoning or otherwise they will approve the Form.<\/p>\n<p>In case the form got rejected, then the company needs to file the Form again after removing all the discrepancies.<\/p>\n<p><em><strong>For more reading: <a href=\"https:\/\/carajput.com\/blog\/legal-documents-required-for-running-business\/\">Legal documents required for running Business<\/a><\/strong><\/em><\/p>\n<p><em><strong>Also read mor<\/strong><strong>e<\/strong><strong>: <a href=\"https:\/\/carajput.com\/blog\/benefits-of-start-ups-under-the-startup-india-scheme\/\">Advantages and know details\u00a0 about Startup India Scheme<\/a><\/strong><\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Consequences_of_late_filing_of_FORM_FCGPR\"><\/span><span style=\"color: #0000ff;\"><strong>Consequences of late filing of FORM FCGPR<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If the Company makes reporting of Foreign Direct Investment (FDI) after the period of 30 days of allotment of shares \/ CCPS \/ CCDs, then the Form will first be checked by the DA Bank and then AD Bank will send the form further to the Respective regional Reserve Bank of India.<\/p>\n<p>Further, the Reserve Bank of India will either charge late submission Fees (LSF) or ask the Company to go for compounding for approval of Form FCGPR.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"How_Rajput_Jain_Associates_can_Assist\"><\/span><strong><u><span style=\"color: #0000ff;\">How Rajput Jain &amp; Associates can Assist<\/span>\u00a0<\/u><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>We offer all kinds of Consultancy, Compliances, and Registration Services in relation to Foreign Direct Investment (FDI) in India. We have impaneled various experts to provide the expert advisory, Registration, and Compliances services for Foreign Direct Investment (FDI) in India.<\/p>\n<p>The services that we offer include in Foreign Direct Investment (FDI) in India are:<\/p>\n<ul>\n<li><a href=\"https:\/\/carajput.com\/fema.php\">FEMA Compliances<\/a> related to Foreign Direct Investment (FDI)<\/li>\n<li>Reporting to RBI in relation to Foreign Direct Investment (FDI)<\/li>\n<li>Drafting of documents for reporting to <a href=\"https:\/\/carajput.com\/rbi-consulting.php\">RBI<\/a><\/li>\n<li>Valuation of shares<\/li>\n<li>Advising various routes for remitting the money in India<\/li>\n<li>ROC Compliances in relation to Foreign Direct Investment (FDI)<\/li>\n<li>Liaisoning with AD Bank and RBI in relation to compliances and FDI matters<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Frequently_Ask_QuestionFAQ\"><\/span><strong>Frequently Ask Question(FAQ)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><strong>Q 1 Where we can make reporting of Foreign Direct Investment (FDI)?<\/strong><\/p>\n<p><strong>Ans <\/strong>Reporting of<a href=\"https:\/\/carajput.com\/form-fcgpr-filling-of-fdi-reporting-with-rbi.php\"> Foreign Direct Investment (FDI)<\/a> can be made online using FIRMS Portal.<\/p>\n<p><strong>Q 2 What is the Time limit for allotment of shares for FDI received in India?<\/strong><\/p>\n<p><strong>Ans<\/strong>The shares need to be allotted within 60 days of receipt of Foreign Direct Investment (FDI) in India.<\/p>\n<p><strong>Q 3 Do we require to file form FCGPR for issuance of Preference shares or debentures?<\/strong><\/p>\n<p><strong>Ans <\/strong>Form FCGPR is required to be filed if the Preference shares or debentures issued are fully and compulsorily convertible in shares, otherwise, it would be treated as ECB.<\/p>\n<p><strong>Q 4 Do we require to file form FCGPR for partly paid equity shares?<\/strong><\/p>\n<p><strong>Ans Y<\/strong>es, <a href=\"https:\/\/carajput.com\/form-fcgpr-filling-of-fdi-reporting-with-rbi.php\">Form FCGPR<\/a> is also required to be filed for issuance of partly paid shares.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"FEMA_DGFT_other_related_Compliances\"><\/span><span style=\"color: #000080;\"><strong>FEMA, DGFT &amp; other related Compliances:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Online Reporting of FDI to <a href=\"https:\/\/carajput.com\/rbi-consulting.php\">RBI<\/a> through AD banker in ARF form. \u00b7<\/li>\n<li>Filing of online FCGPR with RBI \u00b7<\/li>\n<li>Filing of Foreign Liabilities &amp; Assets return (FLA) with RBI \u00b7<\/li>\n<li>Compliances related to Downstream Investment<\/li>\n<li>Application and online modification of IEC with DGFT, also done some compliances related to the application of EPCG license.<\/li>\n<li>Liaoning with various Banks for the documents like KYC, UIN, FCGPR registration no. &amp; other acknowledgements related to FDI.<\/li>\n<li>Application of Registration Cum Membership Certificate (RCMC) from Federation of Indian Export Organization (FIEO).<\/li>\n<li>Liaoning with NIC.<\/li>\n<li>Registration of Trust under FCRA (Foreign Contribution Regulation Act)<\/li>\n<li>Registration of Societies and Trusts.<\/li>\n<\/ul>\n<p>ALSO Popular Articles :<\/p>\n<ul>\n<li><a href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-trs-to-rbi\/\">Reporting of FORM FC-TRS to RBI<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/reporting-of-form-fc-gpr-to-rbi\/\">Reporting FORM FC-GPR<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/rbi-introduced-mandatory-fdi-reporting-through-single-master-form-smf-2\/\">FDI reporting through a single master<\/a><\/li>\n<\/ul>\n<p><strong>CS Akshay Gupta<\/strong> is a diligent and innovative qualified Company Secretary, striving in matters related to Corporate Law. Akshay takes a deep interest in corporate, NBFC and FDI matters and his specialization includes corporate Compliance, FEMA Compliances, and NBFC Registration. As a Company Secretary, Akshay is passionate about matters relating to corporate funding, NBFC, and its compliances.<\/p>\n<p>Don\u2019t Worry! Our experts are here to help you. Get in Touch with our team for easy filing of SMF Form FCGPR.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Write_to_RAJPUT_JAIN_ASSOCIATES_or_call_us_on_9555555480\"><\/span>Write to <strong>RAJPUT JAIN &amp; ASSOCIATES<\/strong>\u00a0 or call us on 9555555480<span class=\"ez-toc-section-end\"><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>FCGPR &#8211; FEMA Compliance for FDI in Equity share in India OVERVIEW FDI Stands for Foreign Direct Investment (FDI) Reserve Bank of India has made regulations and issued certain notifications in relation to the receipt of Foreign Direct Investment (FDI) in India. RBI has allowed the receipt of Foreign Direct Investment (FDI) by the way &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],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/8264"}],"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=8264"}],"version-history":[{"count":4,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/8264\/revisions"}],"predecessor-version":[{"id":21275,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/8264\/revisions\/21275"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=8264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=8264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=8264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}