FDI Reporting in Form FC-GPR, Filed on the RBI FIRMS Portal
When your Indian company issues equity shares, compulsorily convertible instruments or other equity instruments to a foreign investor, you must report it to the RBI in Form FC-GPR within 30 days of allotment. Our FEMA team handles Entity Master registration, valuation coordination and the full Single Master Form filing through your AD bank.
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What Is FC-GPR Reporting?
A plain-language explanation before the details.
FC-GPR is the form through which an Indian company tells the Reserve Bank of India that it has issued shares (or other equity instruments) to a foreign investor in exchange for inward foreign investment.
Under the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 read with the FEM (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019, an Indian company that issues equity instruments to a person resident outside India must report the issue in Form FC-GPR on the FIRMS portal within 30 days of allotment.
Administered by the Reserve Bank of India through the FIRMS (Foreign Investment Reporting and Management System) portal, with filings routed and verified via your Authorised Dealer Category-I (AD) bank.
FC-GPR is a transaction-based, one-time report for each allotment. Once the AD bank verifies and the RBI approves the filing, an acknowledgement is generated; there is no renewal, but every fresh allotment to a non-resident triggers a new FC-GPR.
Quick Facts
Is This Service Right for You?
Ideal for
- Indian companies raising equity from foreign investors or funds
- Startups closing a foreign seed / Series round
- Wholly-owned subsidiaries of foreign parent companies
- Companies allotting shares against import of capital goods or ECB conversion
- Joint ventures issuing shares to an overseas partner
- Companies issuing shares against share swap or rights / bonus to non-residents
You may need this if
- You have received inward remittance from a non-resident towards share subscription
- Your company has allotted equity shares, CCPS or CCDs to a foreign investor
- You are converting an ECB, import payable or other dues into equity for a non-resident
- You issued rights, bonus or sweat-equity shares to existing non-resident shareholders
- Your Entity Master shows a pending / un-reported foreign investment
- You need to regularise an allotment that was not reported within 30 days
Not sure if you need this?
Talk to an Expert →Why FC-GPR Reporting Matters
FC-GPR is not optional paperwork — it is the RBI's record that foreign investment into your company is compliant. Getting it right protects future funding, remittances and the exit of your investors.
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01
Stay FEMA-Compliant
Reporting each allotment to a non-resident within 30 days is a statutory obligation under the NDI Rules. Timely FC-GPR keeps your foreign investment on the right side of FEMA.
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02
Avoid the Late Submission Fee
Filing beyond 30 days attracts a Late Submission Fee calculated on the amount and period of delay. Reporting on time avoids this avoidable cost.
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03
Keep the AD Bank On-Side
Your AD bank verifies each FC-GPR. A clean reporting history makes future remittances, repatriation and banking approvals smoother.
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04
Protect Future Fundraising
Investors and their diligence teams check whether prior rounds were reported correctly. Unreported FDI is a common deal-breaker in the next round.
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05
Enable Investor Exit
A properly filed FC-GPR is the foundation for a later FC-TRS when a non-resident sells or transfers those shares. Gaps now cause blocked exits later.
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06
Avoid Compounding
Persistent non-reporting can escalate into a FEMA contravention requiring compounding before the RBI — far costlier and slower than filing on time.
Simple, Transparent Pricing
Custom quote for your case
Fees depend on your business type and scope. Get a clear, itemised quote upfront — no hidden professional charges, government fee billed at actuals.
Who Can Apply?
Eligibility checklist
- The reporting entity is an Indian company (or eligible entity) issuing equity instruments
- The allottee is a person resident outside India (foreign investor)
- The instruments are equity instruments — equity shares, CCPS, CCDs, warrants or share warrants
- Entity Master registration on FIRMS is complete before filing
- Inward remittance is supported by FIRC and KYC from the AD bank of the remitter
- A valuation certificate supports the issue price under the pricing guidelines
Everything You Need. One Professional Team.
FEMA Consultation
Confirm the transaction attracts FC-GPR, the correct instrument type, sector cap and entry route (automatic vs approval).
Entity Master Setup
Register or update your company on the FIRMS Entity Master so the SMF module is available for filing.
Valuation Coordination
Coordinate the CA / merchant-banker valuation certificate supporting the issue price under the pricing guidelines.
Document Assembly
Collect FIRC, KYC, board resolution, MOA and the declaration set, and check each for consistency.
SMF Preparation
Prepare and populate Form FC-GPR inside the Single Master Form on the FIRMS portal.
AD-Bank Filing
Submit through your Authorised Dealer bank and respond to any bank or RBI query on your behalf.
Acknowledgement
Track the filing to RBI approval and hand over the FC-GPR acknowledgement for your records.
LSF / Regularisation
Where a filing is late, compute the Late Submission Fee and guide regularisation, including compounding if required.
What You’ll Receive
Documents Required for FC-GPR Filing
The exact set depends on the instrument, the route and your AD bank. Keep clear PDF scans ready — inconsistent figures across the FIRC, valuation and board resolution are the most common cause of query.
Company & Investment
- Certificate of Incorporation, MOA & AOA of the Indian company
- Company PAN and CIN details
- Board resolution approving the allotment to the non-resident
- Details of the foreign investor — name, country, constitution
- Pattern of shareholding before and after the allotment
Remittance & Valuation
- FIRC (Foreign Inward Remittance Certificate) from the AD bank
- KYC report of the remitter from the remitter’s / overseas bank
- Valuation certificate from a CA or SEBI-registered merchant banker
- Copy of FIRB / RBI approval, where the investment is under the approval route
- Debit / credit advice evidencing receipt of consideration
Declarations & Forms
- Declaration by the authorised representative (as per SMF format)
- Certificate from the Company Secretary (where applicable)
- Details of the equity instruments issued and issue price
- Reason for delay and LSF working, if the filing is beyond 30 days
Entity Master comes first
The company must be registered on the FIRMS Entity Master before the Single Master Form / FC-GPR can be filed. This is a one-time prerequisite.
Valuation is mandatory
Shares issued to a non-resident must be priced at or above the fair value certified by a Chartered Accountant or a SEBI-registered merchant banker under the pricing guidelines.
FIRC & KYC from the AD bank
The FIRC evidences the inward remittance and the KYC identifies the remitter. Both flow from the AD bank that received the funds.
Watch the 30-day clock
The window runs from the date of allotment, not the date of remittance. Filing after 30 days attracts a Late Submission Fee.
Don’t have all the documents?
We’ll identify what your case needs →How FC-GPR Filing Works, Step by Step
The entire reporting happens on the RBI FIRMS portal through the Single Master Form, routed via your AD bank.
Confirm the transaction & route
Verify the instrument is an equity instrument to a non-resident, and check the sector cap and whether the automatic or approval route applies.
Register / update Entity Master
Ensure the company is registered on the FIRMS Entity Master so the SMF and FC-GPR modules are available.
Obtain the valuation certificate
Arrange a CA / merchant-banker valuation supporting the issue price under the pricing guidelines.
Collect FIRC, KYC & resolutions
Gather the FIRC, remitter KYC, board resolution, MOA/AOA and the shareholding pattern.
Prepare FC-GPR in the SMF
Populate Form FC-GPR inside the Single Master Form on the FIRMS portal and upload the supporting documents.
File through the AD bank
Submit for AD-bank verification; the bank forwards it to the RBI and may raise clarifications.
Receive acknowledgement
On RBI approval, the FC-GPR acknowledgement is generated and retained as evidence of compliant reporting.
FC-GPR Timeline & Statutory Deadlines
| Stage | Expected Time |
|---|---|
| Entity Master registration (one-time prerequisite) | Before any SMF filing |
| Statutory filing window from date of allotment | Within 30 days |
| Document preparation & valuation | Indicative — varies by case |
| AD-bank verification & RBI processing | Indicative — subject to bank / RBI |
| Late filing → Late Submission Fee route | Regularised via LSF / compounding |
The 30-day window runs from the date of allotment of the equity instruments. Processing time at the AD bank and RBI is indicative and depends on document quality and any queries raised. Where a filing is delayed, it can generally be regularised on payment of the Late Submission Fee (LSF); older or larger contraventions may require compounding before the RBI.
Key Dates — At a Glance
| Frequency | What Is Due |
|---|---|
| Per Allotment | File a fresh FC-GPR within 30 days of every new allotment to a non-resident · Keep the Entity Master updated with each transaction |
| On Transfer | File FC-TRS when a non-resident later buys or sells those shares · Maintain valuation and consideration records for the transfer |
| Annually | File the FLA Return by 15 July for companies that have received FDI · Reconcile foreign holdings with your Entity Master |
| Event-Based | Report downstream (indirect) investment in Form DI where applicable · Regularise any past non-reporting via LSF or compounding |
Dates are indicative and may change with government notifications. Our team tracks every deadline so you never miss a filing.
Doing It Yourself vs TaxClue
Doing It Yourself
- Decode NDI Rules, sector caps and the entry route yourself
- Register and navigate the FIRMS Entity Master module
- Arrange a compliant valuation and reconcile it with the issue price
- Match figures across FIRC, KYC, board resolution and cap table
- Populate the Single Master Form without validation errors
- Respond to AD-bank and RBI queries under time pressure
- Compute the Late Submission Fee if you miss the window
With TaxClue
- Route, cap and instrument confirmed before you file
- Entity Master registration handled end-to-end
- Valuation coordinated with the CA / merchant banker
- Documents cross-checked for consistency before upload
- FC-GPR prepared and filed inside the SMF
- AD-bank and RBI queries managed by our team
- LSF / compounding guided if the filing is late
Skip the guesswork.
Let an expert handle it →Common Mistakes That Delay Your Application
TaxClue reviews your documents before filing to reduce avoidable errors.
What Reporting Follows FC-GPR?
Per Allotment
- File a fresh FC-GPR within 30 days of every new allotment to a non-resident
- Keep the Entity Master updated with each transaction
On Transfer
- File FC-TRS when a non-resident later buys or sells those shares
- Maintain valuation and consideration records for the transfer
Annually
- File the FLA Return by 15 July for companies that have received FDI
- Reconcile foreign holdings with your Entity Master
Event-Based
- Report downstream (indirect) investment in Form DI where applicable
- Regularise any past non-reporting via LSF or compounding
Penalties & Consequences
What is at stake if you do not comply
- Filing FC-GPR after the 30-day window attracts a Late Submission Fee (LSF)
- Unreported allotment to a non-resident is a FEMA contravention needing compounding
- Penalty up to 3x the sum involved under Section 13 of FEMA
- Issue price below certified fair value can invalidate the filing
- Unreported FDI blocks future fundraising, remittances and investor exits
Regulatory Updates 2025–26
- 2025: Foreign investment is reported on the RBI FIRMS portal via the Single Master Form — FC-GPR within 30 days of allotment and FC-TRS within 60 days of transfer.
- 2025: Late FEMA reporting attracts a Late Submission Fee (LSF) computed under the RBI framework.
Why Businesses Choose TaxClue
FEMA Specialists
Cross-border reporting handled by professionals who file FC-GPR and FC-TRS regularly.
AD-Bank Fluent
We speak the AD bank's language and pre-empt the queries they usually raise.
Document Review
Every FIRC, valuation and resolution is reconciled before it reaches the portal.
End-to-End
Entity Master, valuation coordination, SMF filing and follow-up under one roof.
Regularisation Ready
Missed the window? We compute LSF and guide compounding where needed.
Full-Stack Compliance
FC-GPR, FC-TRS, FLA, DI and ODI managed together for cross-border businesses.
Your Documents Deserve Professional Care
- Investment and remittance documents handled under confidentiality
- Access limited to the team working on your filing
- Communication over secure digital channels
- Documents retained only as long as needed for compliance
Frequently Asked Questions
What is Form FC-GPR?
What is the deadline for filing FC-GPR?
Where is FC-GPR filed?
Is there a government fee for FC-GPR?
What is Entity Master registration and why is it needed?
Do I need a valuation certificate for FC-GPR?
What is the Late Submission Fee (LSF)?
What documents are needed to file FC-GPR?
What is the difference between FC-GPR and FC-TRS?
What happens if I do not file FC-GPR?
Which entities must file FC-GPR?
Can conversion of ECB or import dues into equity require FC-GPR?
How do I report FDI on the RBI FIRMS portal?
What is the Single Master Form and how does FC-GPR fit into it?
How is the FC-GPR Late Submission Fee calculated?
What is the difference between FC-GPR and Form DI?
Do NRIs investing in an Indian company trigger FC-GPR?
Official Sources & Legal References
Every regulatory figure on this page — the form, portal, timeline and legal basis — is drawn from primary law and official RBI sources. Verify them directly:
- RBI FIRMS PortalOfficial portal for Entity Master registration and Single Master Form filings (FC-GPR, FC-TRS, DI)
- NDI Rules, 2019 — full textForeign Exchange Management (Non-Debt Instruments) Rules, 2019 · India Code
- RBI Master Direction — Reporting under FEMAMaster Direction on Reporting under FEMA 1999, covering FC-GPR, FC-TRS and LSF
- RBI — FDI Master DirectionMaster Direction on Foreign Investment in India — routes, caps and pricing guidelines
Related Guides
FDI Reporting: FC-GPR, FC-TRS & APR
Read guide ArticleFDI & Downstream Investment Rules
Read guide ArticleRBI Master Direction Updates 2025-26
Read guide ArticleRepatriation Rules under FEMA
Read guide ArticleFEMA Contravention & Penalties
Read guide ArticleNRI, FEMA & Income Tax 2025
Read guideFC-GPR Reporting Resources — All Free
File Your FC-GPR the Right Way
From Entity Master registration and valuation to the Single Master Form filing through your AD bank, our FEMA team handles FC-GPR end-to-end. Free consultation, no hidden professional charges.