Filing of FC-GPR

• An Indian company issuing capital instruments to a person resident outside India and where such issue is reckoned as Foreign Direct Investment, shall report such issue in Form FC-GPR to the Regional Office concerned of the Reserve Bank under whose jurisdiction the registered office of the company operates, not later than 30 days from the date of issue of capital instruments.
• Issue of ‘participating interest / rights’ in oil fields shall be reported Form FC-GPR.

The form FCGPR shall be filed with the authorized dealer bank within 30 days from the date of issue of capital instruments.

• In case of further issue of shares – shares are required to be allotted within 60 days from the date of receipt of the application money
• In case of newly incorporated company (subscription to memorandum) – subscribers are mandatorily required to bring in subscription money within 180 days from the date of incorporation and the directors are required to file a declaration to this effect with the Registrar.

Para 2.2 of Schedule 1 of FEMA-20(R) / 2017-RB dated November 07, 2017
Capital instruments shall be issued to the person resident outside India making such investment within 60 days from the date of receipt of the consideration.

Please refer “Master Direction- Compounding of Contraventions under FEMA, 1999” as amended from time to time