Does your Company wish to receive Foreign Direct Investment? Does your Company wish to allot shares to foreigners against such investment? Under Fema Compliance, filing Form FC-GPR within 30 days is mandatory. File yours at INR 24999/- only.
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In literal meaning, form FC–GPR stands for Foreign Collaboration- General Permission Route. It is a form issued by RBI under Foreign Exchange Management Act,1999.
When the company receives the foreign investment and against such investment the company allots shares to such foreign investor then it is the duty of the company to file details of such allotment of shares with The RBI within 30 days and for that company has to use the form FC-GPR (Foreign Currency- Gross Provisional Return) for submitting details with RBI.
It is compulsory to file form FC GPR along with supporting documents, with the RBI within 30 days from the date when shares have been issued.
An entity will be considered non-compliant under FEMA, if it does not comply with the SMF filing procedure for filing of Form FC-GPR set out under the SMF Manual, or does not enter the relevant details in the EMF, or enters the details in the EMF without stating a plausible reason for the delay. In any one of these cases, the Indian entity will not be able to receive foreign investment, including indirect foreign investment.
Related Post: How to file RBI Form FC-GPR?
Ebizfiling.com is a motivated and progressive concept conceived by like minded people, which helps small, medium and large businesses including Indian Subsidiary to fulfil complex compliance. Apart from FC-GPR filing we also provide services for FC-TRS form filing, Startup advisory, and management consultancy services to clients in India and abroad. You may get in touch with our compliance manager on 09643203209 or email info@ebizfiling.com. requirements of Indian Laws.
(All Inclusive)
5 Easy Steps
Fill in simple Checklist
Details of the Transactions
Details of shareholding pattern
Verification of documents
Form FC-GPR filed
A Compliance Manager will get in touch with you to obtain your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for processing. Our team of experts will verify the documents provided by you. After that our team will take the procedure further.
Once our expert team completes the verification process of your documents and details, the team will proceed with the Form FC-GPR filing formalities. All throughout the process, your dedicated Compliance Manager will keep you updated on the progress of filing of form FC-GPR. We will file the form FC-GPR online.
To start with the filing procedure of Fc-TRS form, we will register you as a business user on an online portal and then We will finally proceed to file the form online. After filling in all the details carefully, we will submit the form and we will notify you after the successful submission of the form FC-GPR.
You need to file the Form FC-GPR within 30 days of allotment of shares.
FC-GPR is required to be filed where the foreign investment is reckoned as an FDI i. e. only for those non-resident investors where the original investment is FDI. File form FC-GPR in SMF accordingly.
For filing in SMF, one has to register as a Business User, which is separate from Entity User.
Following three Securities are considered under FDI:
Yes, Form FC-GPR can be filed online by anyone. However Considering the complex work and compliance of the same is a difficult process, it is not easy to comply with all the laws correctly and within time, and therefore it is always advisable to seek the help of experts to manage such compliances.
Don’t worry! Our experts are here to help you. Get in touch with our team for easy filing of SMF form FC-TRS. Write to us at info@ebizzfiling.com or call us @+91 9643 203 209.
Does your Company wish to receive Foreign Direct Investment? Does your Company wish to allot shares to foreigners against such investment? Under Fema Compliance, filing Form FC-GPR within 30 days is mandatory. File yours at INR 24999/- only.
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