Sage-Tips

What is Fcgpr registration letter?

Form FC-GPR is issued by the Reserve Bank of India (RBI) when the company receives foreign investment. Accordingly, the company will issue shares to a foreign investor on such investment. Also, it is mandatory for the company to file details of such allotment of shares using the Form FC-GPR.

What is Fcgpr?

(a) FCGPR (Foreign Currency-Gross Provisional Return) Form – An Indian company issuing equity instruments to a person resident outside India should file FCGPR Form, within 30 days from the date of issuance of the equity instruments.

What is Fctrs and Fcgpr?

AnonymousLLB. Legally FC-GPR stands for Foreign Collaboration- General Permission Route and FC-TRS stands for Foreign Currency- Transfer of Shares. Non submission of FC-GPR is a non compliance and RBI may impose penalty thereon. It depends on a case to case basis.

How can I get RBI UIN number?

The Authorised Dealer Banks (ADs) will be required to download the completed forms, verify the contents from the available documents, if necessary by calling for additional information from the customer and then upload the same for RBI to process and allot the Unique Identification Number (UIN).

How can I file Fcgpr with RBI?

Now that all the above information and documents are obtained, The Form FC-GPR can be filed using the following steps:

1. Step 1: Registration for Business User.
2. Step 2: Logging in to firms.
3. Step 3: Logging in to SMF and reach out to your workspace.
4. Step 4: Select the Return type.
5. Step 5: Common Investment details.

Who is required to file TRS?

Onus of filing of form FC-TRS lies on the transferor/transferee whosoever is resident in India. 3. The transferor/transferee filing the form needs to register itself with RBI-Firms portal before filing it.

How do I file advance remittance form?

REPORTING OF ADVANCE REMITTANCE FORM (ARF) TO RBI

1. Name of the Indian Company.
2. Address of the Indian Company.
3. PAN (Permanent Account Number) of the Indian Company.
4. Name of the AD Bank.
5. Address of the AD Bank.
6. Name of the Foreign Investor.
7. Address of the Foreign Investor.
8. Date of receipt of funds.

Who should file Fctrs?

What is INVI form RBI?

Form InVi: Reporting of investment by a person resident outside India in an investment vehicle.

What is UIN allotted by RBI?

Reporting of Inward Remittance to RBI : Upon receipt of intimation in Annex 6, RBI will allot and communicate the Unique Identification Number (UIN) for each such inward remittance or FCNR / NRE / NRO account debit.

How do I get an UIN number?

The following organizations can apply for a UIN:

1. A specialized agency of the United Nations Organization (UNO)
2. A Multilateral Financial Institution and Organization notified under the United Nations (Privileges and Immunities) Act, 1947.
3. Consulate or embassy of foreign countries.

What are the documents required for Fcgpr filing?

Unique Identification Number from RBI by reporting of Advance Foreign Remittance.

• KYC Report for the beneficiary if the beneficiary and remitter are different entities.
• Disclaimer Certificate.
• Statutory Auditor Certificate.
• Board resolution.
• LRN(Loan Registration Number) allotted.
• Copy of FIPB approval (if required).