When is fc gpr to be filed

Instructions in this regard were already issued through A. Series Circular No. With effect from September 01, , five forms viz. The other three forms viz. Form InVI would be made available subsequently.

With effect from September 01, , all new filings for the 5 forms and other three forms viz. The date was extended till July 20, For those companies which could not register within the stipulated time period may register for the entity master with effect from September 01, However, they shall provide the reasons for not making registration within the time period along with the authority letter.

SMF: A master form which provides for the reporting of 9 forms for foreign investment viz. With effect from September 1, , five forms viz. Other three forms viz. Form InVi would be made available subsequently. If the person wants to act as a BU for another entity, he must register himself separately. In case the IFSC details are changed i. The format of the KYC is as below:. Step 1. Step-4 : Click Submit button.

In case any error is displayed, rectify the same and click Submit button. Step : 2 Enter User Name and default password as provided via email notification. Step 3: Upon first Login, BU would be prompted to change the password through a pop-up window. Enter the details and submit. Step 2 : Enter the username and registered email id in the pop up window and click submit. An email would be sent to the email id with the default password.

This would populate the details in the respective fields. If the details needs to be deleted entirely, click on the delete icon. Further, in case the investor has been allotted more than one capital instrument in the same allotment, add the details using the above procedure. Multiple details would be added as different rows in the adjoining table. In case the investor has been issued equity shares of different face value, for example, equity shares of face value 10 and 50 equity shares of face value 20, then enter the details as two different rows and NOT a single record.

This would ensure correct shareholding pattern. Leave the FIRC number blank. Note : If the Total amount of inflow is in excess in comparison to Amount for which capital instruments have been issued, then specify the details as per the validation note as below : Please specify and give as other attachment refer user manual , whether the excess amount: 1. Pre transaction values are auto-populated from the Entity Master tab 3 Post transaction values are auto-calculated based upon the details provided in the form.

The Business user shall ensure that the details are correctly filled in the form, so that the shareholding pattern which is auto- calculated is correct. Select from the drop down menu as below Payment on full consideration. The user will be taken to form LLP-I. Select Yes or No as applicable. If yes is selected, fill up the details as below:. Post transaction values are auto-calculated based upon the details provided in the form.

The user will be taken to form ESOP. The user will be taken to form DI. The user will be taken to form DRR. Step 4. In such cases wherever the amount is being repatriated in subsequent tranches, for every subsequent tranche Form DRR shall be filed within 30 days from the date of remittance as a subsequent form DRR to the Form DRR as filed at the time of issue of DRs, as below:.

If the reference number of the earlier filed form DRR is known, enter the same in the field Return Reference Number and click on search return.

Or else, enter the From date and search return. Select the initial filed Form DRR and open the same upon clicking on the reference number. Enter the amount Amount repatriated in the current tranche in Rs. No other field needs to be entered. The values in Total amount repatriated in India and the Amount kept abroad are updated accordingly. In the entity master, the companies and LLPs were instructed to provide the latest shareholding pattern, all inclusive irrespective whether the same is reported or not reported or acknowledged or not acknowledged.

In case where the company or LLP is making a filing in SMF for a past transaction which was not reported earlier, but the same has been included in the shareholding pattern provided in the Enitiy master, at the time of reporting the same in SMF, the shareholding pattern should not change. This would ensure that the shareholding pattern is not affected.

It may be noted that upon successful acknowledgement of the filed forms at AD level, the entity master details are automatically updated with the post shareholding pattern as per the acknowledged form. Therefore, the user shall take due precaution while specifying for this detail. Enter the username and password as provided by RBI and click on Login. The dashboard for the AD bank is as below:.

Step -1 Using the left navigation button select user verification and then RBI user master. All pending approvals for eKYC would be displayed. Step 4: Verify the details as entered with the authority letter. Approve or Reject the registration accordingly. An email notification would be sent to the applicant accordingly. Step 2 : Select the return type, enter the from and to date and select the status as pending approval and click on search return. All form of the return type would be displayed.

Select the form as desired. The form will open up with all details as filed by the Business user along with the Entity details and Check list. Step 3: Go through the details as filed by the Business User and verify the same with attached documents. Procedure of scrutiny: The checklist provides the details that needs to be verified for acknowledging the filed return. A set of checklist as applicable to that particular return is being provided to the AD bank along with the filed form.

Whether the change in the shareholding pattern due to this transaction being reported has already been accounted in the pre-transaction shareholding pattern, select yes or no. Total Amount of Inflow and the amount for which capital instruments have been issued shall be automatically filled in as per the details filled earlier.

The applicant shall ensure that the details are correctly filled in the form, so that the shareholding pattern which is auto-calculated is correct.

Pre transaction values are auto calculated from the Entity Master. Post transaction values are auto calculated based upon the details provided in the form.

After all the details are filled in, save and submit the Form with the following attachments-. There are mainly two procedures regarding regularise the instances of delay in reporting It is very important that the securities are allotted within in 60 days from the date of receipt of application money.

What are the documents to be attached at the time of Entity User and Business User registration? Answer: At the time of Entity User:. The authorisation letter as per the Entity Master User Manual. Answer: To modify the existing details on Entity Master, a request must be made by sending an e-mail to [email protected] and [email protected] by attaching a scan copy of the request letter from an authorised representative of the Company. Answer: Investment by a person resident outside India is prohibited in the following sectors:.

Will it be consider as different investment? Or it can be merged while filling. Your email address will not be published. Post Comment. Notice: It seems you have Javascript disabled in your Browser. In order to submit a comment to this post, please write this code along with your comment: afd90be15b2c5bc2a. User Menu. As announced in the First Bi-monthly Monetary Policy Review dated April 5, announced that, with the objective of integrating the extant reporting structures of various types of foreign investment in India, it will introduce a Single Master Form SMF subsuming all the existing reports.

The filing of SMF would be online. Know more about our affiliation plans. Details that needs to be obtained before starting the process of filing the Form:.

Before reporting the transactions the applicant needs to obtain the following details to avoid any hassle while filing the form. Step 3: Logging in to SMF and reach out to your work space Declaration : As per the format given in the RBI user manual. For rights issue, valuation certificate is not required.

A declaration plain paper may be attached that the rights issue to persons resident outside India is not at a price less than the price offered to persons resident in India. Board resolution : Only the relevant extracts. Memorandum of Association : if applicable. Note that only following securities are considered under FDI. Ans: Contact your Authorised Dealer Bank first.

I am filing a form in SMF but the pre transaction values in Shareholding pattern are not correct? Ans: The pre transaction values in the Shareholding pattern are fetched from the details in the Entity Master. Please verify the details in the Entity master. I have filed one form in SMF, but have not received acknowledgement? Ans: All forms in SMF are integrated with the Entity master and updates the shareholding pattern in the entity master upon acknowledgement.

Therefore, the previous forms has to be completely processed before second form can be filed. Please check with your AD bank. I have more than shareholders to whom bonus or rights issue is made. However, it is to be noted that merely filing of the Form FC-GPR does not discharge an entity of its duties in regards to compliance with the relevant laws, the same shall be considered complete only after the approval of RBI.

It helps a variety of small, medium and large businesses to cater to all compliance requirements of Indian Laws. Get in touch for a free consultation on [email protected] or call For FC-GPR filing for the first time, only registration as business user is enough or also need to do Entity registration? Can FCGPR filed multiple times with different allotments of share and can it be filed in the same user credential? Does any one have format for No Objection certificate from the remitter for the shares being allotted to the third party mentioning their relationship.

Your email address will not be published. Post Comment. Notice: It seems you have Javascript disabled in your Browser. In order to submit a comment to this post, please write this code along with your comment: e9df7ccb7a2ecee3aa