verything that you need to know about FC-GPR

Recently, the Reserve Bank has rolled out an online application, i.e., FIRMS (Foreign Investment Reporting and Management System). It provides the reporting of the form FC-GPR. FC-GPR stands for Foreign Currency- Gross Provisional Return. To understand and learn more about this form, let’s dive into the filing procedure, the basic provisions, the FC-GPR checklist and the FAQs relating to FC-GPR.

What is FC-GPR?

When an enterprise obtains FDI (Foreign Direct Investment) through capital investment, the entity allots shares to a foreign investor. This transaction must be reported, which needs to be done in the FC-GPR Form issued by the RBI. FC-GPR is applied when aentity receives foreign investment, and against such investment, the entity allots shares to the foreign investors. If the same happens, then the entity should file details of such allotment of shares with the Reserve Bank of India within 30 days under the RBI compliances for FDI.