FC-GPR Filing: Complete Guide for Companies Receiving Foreign Investment

When an Indian company issues the equity instruments to a person resident outside India, it must report the transaction to the Reserve Bank of India (RBI) in Form FC-GPR.

This FC-GPR filing guide for companies receiving foreign investment in India in 2026 explains the deadline, documents and online process.

Quick Summary

What Is FC-GPR Filing?

FC-GPR is the FEMA reporting form used when an Indian company issues eligible equity instruments to a person resident outside India. It records the investor, inward remittance, issue price, valuation, sector and allotment details.

Equity instruments include the equity shares, fully and mandatorily convertible debentures or preference shares and qualifying share warrants. The investment must comply with the entry route, sectoral cap, pricing rules and approval requirements.

FC-GPR covers fresh issues. Transfers of existing instruments are ordinarily reported in Form FC-TRS.

Remind Legal can help review an FDI transaction before allotment and prepare the related FEMA filing.

Who Is Required to File FC-GPR?

The Indian company issuing the instruments is responsible for filing. Reporting may arise for issues against foreign remittance, funds in an eligible non-resident account, conversion of a permitted payable or permitted rights, bonus or non-cash transactions.

Before allotment, verify investor eligibility, beneficial ownership restrictions, sectoral conditions, pricing and approvals.

Important FC-GPR Deadlines

Equity instruments must generally be issued within 60 days of receiving consideration. If they are not issued within this period, the amount must generally be refunded within 15 days after completion of the 60-day period, subject to FEMA rules.

After allotment, the FC-GPR RBI deadline is 30 days from the date of issue. The company should not calculate this period from the date of remittance or board approval unless that is also the legal issue date.

FC-GPR and the annual Foreign Liabilities and Assets (FLA) return are separate filings.

FC-GPR Documents Required in India

Requirements vary with the transaction and the AD bank’s review. Common documents include: -

For an unlisted Indian company, valuation must generally follow an internationally accepted arm’s-length pricing methodology. It may be certified by a chartered accountant, SEBI-registered merchant banker or practising cost accountant.

The valuation certificate should generally not be more than 90 days old on the investment date. However, a valuation certificate may not be required where FEMA pricing guidelines do not apply.

How to File FC-GPR in India

1. Check FDI Eligibility
   Confirm and verify the entry route, sectoral cap, investor eligibility, permitted instrument, pricing rules and various other approval requirements.

2. Receive and Verify Consideration
   Use a permitted banking channel or the eligible account. Obtain the remittance evidence and KYC through the AD bank.

3. Complete the Allotment
   Complete the various required corporate approvals, issue the instruments and file Form PAS-3 where applicable.

4. Access the FIRMS Portal
   Update the company’s Entity Master and obtain the Business User access linked to the entity.

5. Submit the Single Master Form
   Select FC-GPR, enter the transaction, investor, valuation, remittance and various shareholding details and upload the supporting records.
   The company should ensure that the information in FC-GPR matches its board resolution, Form PAS-3, valuation report, remittance records and allottee list.

6. Address AD-Bank Queries
   The AD bank may approve the form or return it for clarification. Track the filing until approval and retain the acknowledgement for the future reference.

What If FC-GPR Is Filed Late?

A delay in filing FC-GPR is a FEMA contravention. RBI’s LSF mechanism provides an option to regularise eligible reporting delays without undergoing compounding. Final acknowledgement may be issued only after the applicable LSF is paid.

However, payment of the LSF does not cure a substantive violation, such as: -

• Investment in a prohibited sector
• Investment beyond the applicable sectoral cap
• Non-compliance with pricing guidelines
• Receipt of investment without the required approval
• Issue of an instrument that is not permitted under FEMA

Where LSF is unavailable or the violation is substantive, RBI compounding in India may be required. Companies should disclose the correct and accurate dates and obtain professional advice instead of submitting incomplete or inaccurate information.

Conclusion

FC-GPR links a company’s allotment with its FEMA reporting obligations. The investment terms, pricing, banking evidence and corporate records must remain consistent throughout the process.

Companies should verify FDI eligibility before accepting funds and prepare the filing documents before allotment. Early coordination with the AD bank and professional advisers can help prevent delays, returned forms and avoidable FEMA violations.

For businesses seeking an FC-GPR filing consultant in Delhi NCR or an FDI compliance consultant for a Delhi startup, Remind Legal can assist from transaction review to filing and query resolution.