How to File FC-GPR to RBI
What is FC-GPR?
Foreign Currency Gross Provisional Return, also known as FC-GPR, shall be filed by the company whenever it receives foreign investment by allotting shares to the foreign investor. Application to be made to RBI within 30 days of allotment of shares.
When do we need to file Form FC-GPR?
Within 30 days of allotment of shares, the entity must submit Form FC-GPR Reserve Bank via FIRMS Portal of RBI.
What are the steps for filing FC-GPR Form?
Penalty for failure to submit Form FC-GPR
For the first six months of delay, the penalty is INR 5,000 or 1% of the total investment amount, up to a maximum of INR 5 lakh; beyond that, the penalty will be charged at a rate which will be 2 times.
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