Скачать или смотреть Main Points to note for filing FC-GPR on FIRMS Portal | How to file FCGPR? | Registrations required?

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Form FC-GPR has been issued by the Reserve Bank of India (RBI) when the Company receives a foreign investment, and against such investment, the Company will require to make the allotment of shares to a foreign investor/subscriber, then it is mandatory for the Company to file details of such allotment of shares using the form FC-GPR.
We have made this video so that anyone can easily understand the process, documentation, and timeline of filing Form FCGPR.
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Chapters:
0:00 Intro
00:10 Applicability of FEMA/RBI Compliances for FC-GPR
00:31 Combination of foreign investor shareholders
00:52 Major points while receiving subscription money
05:29 01st Entity Master Registration on FIRMS portal
05:50 02nd Business User Registration for SMF Filing
06:50 Requirements for FC-GPR filing on FIRMS portal
07:30 Time-Limit to file FC-GPR
07:42 Who approves the Form FC-GPR?
08:01 Can I file directly to RBI?
08:17 Chances of refiling/resubmission
08:50 Consequences of non-filing within 30 days of allotment?

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Q1: What to possible scenarios after company incorporation
All Corporate shareholders
All individual shareholders
Corporate and Individual shareholders

Q2: What to keep in mind while receiving funds in an Indian company from outside India?
No third Bank involvement while transfer of funds
Through proper banking channels
Send some extra funds to Indian entity
Standing Instructions to the AD Bank in India
Remitter and Investor should be same person
FIRC (duly signed and stamped)
KYC (six pointer KYC as per RBI format) (duly signed and stamped)

Q3: What Registrations to be obtained?
Creation of Entity Master on FIRMS https://firms.rbi.org.in/
Authorisation letter (as per User Manual on Entity Master) along with PAN Card of authorised signatory

Creation of Business User on FIRMS https://firms.rbi.org.in
Letter of Authorisation as per User Manual for SMF Firms application
Specimen signature of authorised representative
Bank details & specimen signature of authorised signatory in Bank
Signature and stamp of the director

Q4: Which Form is filed on FIRMS and what all documents are required?
FC-GPR in SMF is filed
May vary from Bank to Bank
FIRC
KYC
Board resolution for allotment of shares
Valuation certificate
CS Certificate
Pricing Guidelines
Declaration as per NDI Rules
FC-GPR approval letter, in case of subsequent allotment

Q5: Time limit to file Form FC-GPR?
Within 30 days of allotment of shares. Website can be accessed through https://firms.rbi.org.in/firms/faces/...

Q6: Who approves the filed form FC-GPR?
AD Bank is the first point of contact for approval.

Q7: Can I directly go to the RBI?
No, the point of contact is AD Bank

Q8: If any query is raised by AD Bank?
The old form is rejected and new form to be filed

Q9: What if Form FC-GPR is not filed within 30 days of allotment?
Late Submission Fee (LSF) is imposed by AD Bank

Q10: FC-GPR is filed after a period of 3 years from the date of allotment?
The compounding of offence is the only option to regularise this non-compliance

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