FC-GPR Filing (FDI Reporting)

Report your foreign investment, on time

When an Indian company issues shares to a non-resident in exchange for foreign investment, that allotment has to be reported to the Reserve Bank of India — and the reporting is not optional. The report is the FC-GPR, and it must be filed within 30 days of the shares being allotted. Miss that window and your company is in breach of FEMA, which has real consequences: the lapse has to be regularised through a compounding process, with a financial penalty that scales with the delay and the amount involved.

Adv. Bhawna Yadav and her team prepare and file your FC-GPR at a flat USD 250, well inside the window. This is a standalone service for companies that incorporated or raised investment elsewhere and now need the reporting done correctly.

Why FC-GPR matters more than it looks

It is easy to treat the FC-GPR as a formality and then forget it in the rush of closing an investment — and that is exactly when the breach happens. The reporting is what makes your foreign investment compliant in the eyes of the regulator. Until it is filed, your cap table sits on an unreported foreign holding, which surfaces awkwardly later — in an audit, in due diligence for the next round, or when you try to remit a dividend. Filing on time keeps the whole structure clean.

What the filing requires

A correct FC-GPR is built on a specific set of inputs: the details of the share allotment, the foreign inward remittance certificate from your bank, the bank's report on the remitter, and a valuation supporting the price at which the shares were issued. The valuation matters — shares to a non-resident must be issued at or above fair value, and the report has to demonstrate it. We assemble these inputs, prepare the form, coordinate the company-secretary certification the filing needs, and submit it through the Reserve Bank's reporting system within the deadline.

If you are already late

If the 30-day window has passed, the answer is not to hope it is overlooked — it is to regularise it properly. We file the FC-GPR as soon as your documents are ready and, where the delay requires it, prepare the compounding application alongside, so the breach is cured cleanly rather than left to compound further. We will tell you the realistic penalty exposure upfront, so there are no surprises.

FC-GPR and FC-TRS

FC-GPR covers the issue of new shares to a non-resident. A related report, FC-TRS, covers the transfer of existing shares to or from a non-resident — for example, when a foreign investor buys out an Indian shareholder, or exits. The deadlines and the logic are similar, and we handle both. If you are not sure which applies to your transaction, that is exactly the kind of question a short conversation settles.

Part of a clean FEMA record

A one-off FC-GPR is often the start of an ongoing reporting relationship — the annual FLA return, future FC-GPR or FC-TRS filings as your cap table changes. We can handle the single filing you need now, or carry your whole FEMA calendar so nothing is ever missed. Either way, you deal with a named Indian advocate and her team, at a flat fee, with no upselling.

How quickly we can file

Because the FC-GPR runs on a 30-day clock, speed matters, and we are set up to move fast. Once you send us the allotment details and the bank documents, we typically prepare and file within a few working days — comfortably inside the window if you come to us promptly after the allotment. The most common cause of delay is the valuation or the bank's remittance documents not being ready, so the moment an investment is on the horizon, it is worth getting these lined up. We will tell you exactly what we need, and chase the missing pieces with you so the deadline is not missed for want of a document.

The valuation, explained

One part of the FC-GPR trips up first-timers: the valuation. Shares issued to a non-resident must be priced at or above fair value, determined by an accepted methodology, and the report has to evidence it. For an early-stage company this is usually straightforward; for a company with a more complex cap table or a negotiated round, it needs care. We make sure the valuation supporting your filing is sound, so the report stands up and your pricing is not later questioned.

Why it is worth handing over

FC-GPR looks like a form, and that is exactly the trap. The deadline is short, the inputs come from three different places — your company records, your bank, and a valuer — and the consequence of getting it late or wrong is a FEMA breach that has to be compounded with a penalty. For a founder in the middle of closing a round, or a parent capitalising a new subsidiary, it is precisely the kind of task that slips. Handing it to an advocate who does it routinely means it is filed correctly, inside the window, with the valuation and certifications in order — and your foreign investment is clean on the record from the start, rather than a problem waiting to surface in your next diligence.

Who needs this service

This standalone FC-GPR service is for any Indian company that has issued, or is about to issue, shares to a non-resident — whether you incorporated through us or elsewhere, and whether this is your first foreign investment or one of many rounds. Founders who raised a round and only then realised the reporting was due, parents capitalising a subsidiary, and companies bringing in a new foreign investor all use it. We handle the filing correctly and on time, with a named advocate and her team, at a flat fee and no upselling.

What to send us, and when

The fastest filings happen when the inputs are ready, so the moment a foreign investment is on the horizon it is worth lining them up: the allotment details (date, number of shares, face value and any premium), the foreign inward remittance certificate from your bank, the bank's report on the remitter, and the valuation supporting the issue price. Send us these and we move quickly — typically filing within a few working days, comfortably inside the 30-day window. If any piece is missing, we will tell you exactly what is needed and help you obtain it, so a single document does not become the reason a deadline is missed.