FCGPR Filing

FCGPR Filing Introduction

The Reserve Bank, in the First Bi-monthly Monetary Policy Review dated April 5, 2018, announced that, with the objective of integrating the extant reporting structures of various types of foreign investment in India, it will introduce a Single Master Form (SMF) subsuming all the existing reports.

In order to implement this announcement, the Reserve Bank is introducing an online application, FIRMS (Foreign Investment Reporting and Management System), which would provide for the SMF.

With the implementation of SMF, the reporting of FDI, which is presently a two-step procedure viz., ARF and FC-GPR would be merged into a single revised FC-GPR.

About FCGPR Form Filing

Step 1: Register at FIRMS Portal:

Entity needs to create account as the entity user at FIRMS portal. 

The entity may issue an authority letter, in the format to the identified personnel authorizing him/her for registering as an Entity user for the entity.

Authority Letter submitted by the entity user will be verified by RBI and after RBI’s approval, the user will receive the password on their registered email ID from RBI email ID autoreply-fid@rbi.org.in.

Step 2: Login to the Firms

Enter the username and the password received via mail to login at the portal.

Step 3: Login to the Single Master Form

At workspace, click on navigation button and select Single Master Form.

Step 4: Choose form FCGPR from return type

There are various forms available in return type, choose Form FCGPR. Some details such as CIN, PAN Number and company name will be prefilled, and some has to be manually filled. 

Step 5: Fill the form FCGPR

There are five tabs in the form

Documents Required For Filing Form FCGPR

1. Attach Original FIRC

2. If funds are received through debit to NRE Account, Attach Debt Advice from remitting bank along with all details like purpose code, etc & A/C statement of Investee Company highlighting credit of that FDI.

3. KYC of Remitter / Investor (KYC of both if Investor and Remitter different.)

4. NOC from Remitter (Investor & Remitter are different).

5. Declaration from CS and authorized representative of the company in RBI prescribed format in FIRM's platform. (as per applicable notification)

6. A certificate from the Statutory Auditor or Chartered Account indicating the manner of arriving at the price of the shares issued to the persons resident outside India. Valuation has to be done on the basis of any internationally accepted pricing methodology based arm's length.

7. Board Resolution

8. Delay reason letter (If Applicable) which should be addressed to RBI mentioning valid justification for delay.

9. Attach the Pre-issue and Post issue patterns of shareholding which should be inconsistent with the details which will show at the FIRMS Portal in the FCGPR Form.

10. Debit authorization for charges (Applicable charges is Rs 10000/- if the Funds are received in HDFC Bank in FCY or Rs 30000/- if the Funds are received in another Bank in FCY)

11. Clarification letter (If applicable) for the excess/Shortfall amount received as FDI

12. Any other documents that we will require depending upon cases to case

13. In the case of Renunciation letter of offer and letter of acceptance to/from both the foreign investors need to be submitted along with CA Valuation.