FC-GPR: Reporting Foreign Investment in an Indian Company
What FC-GPR is, who files it, the 30-day deadline, required documents, late submission fees and a step-by-step checklist for foreign investment in Indian companies.
FC-GPR: FC-GPR is the reporting form an Indian company files with the Reserve Bank of India (RBI) after it issues shares or other equity instruments to a non-resident investor under the foreign direct investment (FDI) rules.
Who must file
The Indian company that issued the equity instruments files FC-GPR, through its Authorised Dealer (AD) bank, on the RBI’s FIRMS portal (Single Master Form).
It applies to fresh issues to non-residents, including equity shares, compulsorily convertible preference shares and compulsorily convertible debentures. Share transfers between a resident and a non-resident are reported separately on FC-TRS.
Deadline
Within 30 days of the date of allotment of the equity instruments.
Allotment itself should follow receipt of the inward remittance within the period set by the FDI rules (commonly cited as 60 days, failing which the money is to be refunded). Confirm the current period before closing a transaction.
Documents usually needed
- Inward remittance proof (FIRC or bank advice) and KYC of the remitting bank/investor
- Board resolution and allotment details, with updated shareholding pattern
- Valuation certificate showing the issue price meets the pricing guidelines
- Company secretary certificate confirming compliance with FDI conditions
- Evidence that the sector and route (automatic or government approval) were followed
- Foreign investor’s details, including beneficial ownership information
Late submission and penalties
Late filing is generally regularised by paying a Late Submission Fee. Industry guidance describes a fixed amount of INR 7,500 plus 0.025% of the amount involved for each year of delay, subject to a cap, with compounding applying where the delay is long or other contraventions exist. Treat this as indicative and confirm against the current RBI master directions.
Checklist
- Confirm the sector cap and route before accepting funds
- Receive funds only through banking channels from the investor’s own account
- Obtain a valuation certificate before the allotment
- Allot shares within the permitted window
- File FC-GPR on FIRMS within 30 days of allotment
- Keep copies of all filings for FEMA and tax audits
- Add the issue to the next FLA return (due 15 July)
Common mistakes
- Treating the 30 days as running from receipt of funds rather than allotment
- Issuing shares below the permitted pricing floor
- Ignoring reporting after a second tranche or a conversion
- Missing the sector condition or a land-border ownership check (see Press Note 3)
Frequently asked questions
What is the FC-GPR deadline?
30 days from the date of allotment of the equity instruments.
Who files FC-GPR, the investor or the company?
The Indian investee company files it, through its AD bank.
Is FC-GPR needed under the automatic route?
Yes. The automatic route removes the need for prior approval, but the post-investment reporting is still mandatory.
What happens if FC-GPR is filed late?
The company pays a Late Submission Fee, and long delays may need compounding.
Sources and further reading
Note: rules, fees and dates change. Verify against the official RBI, MCA and Income Tax Department sources before relying on this page.
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