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Home / NRI & Global Services / FC-GPR & FDI Compliance
Last updated: 2 October 2026
When an Indian company issues shares to a foreign investor, it must report the allotment to RBI in Form FC-GPR within 30 days. Our team prepares the filing on the FIRMS portal, coordinates the valuation and bank KYC, and keeps the yearly FDI reporting in order.
Foreign investment into an Indian company is reported to RBI through the FIRMS portal (Single Master Form), via the company’s authorised dealer bank. The main filings are:
Shares must be allotted within 60 days of receiving the money; otherwise the money is refunded within 15 days. The issue price must be supported by a valuation from a Chartered Accountant, a SEBI-registered merchant banker or a practising cost accountant. The remitting bank’s KYC report on the foreign investor is also needed. Late filings can be regularised by paying a late submission fee.
Based on the FEMA (Non-debt Instruments) Rules, 2019 and RBI’s Master Direction on Foreign Investment in India. RBI has published draft replacement rules — we track changes as they are notified. Last updated: 27 September 2026.
To allot shares after receiving the money, or refund within 15 days
To file FC-GPR after allotment
To file FC-TRS after a share transfer
To report downstream investment in Form DI
Yearly FLA return deadline
By a CA, SEBI-registered merchant banker or practising cost accountant
Most problems come from timing and documents.
Money received but shares not allotted within 60 days — a contravention unless refunded in time.
FC-GPR or FC-TRS filed after the deadline, attracting a late submission fee.
Issue price below the fair value in the valuation report, or a report from an ineligible valuer.
FDI reporting links to how the investment was structured.
Setting up an Indian company or office.
Foreign holding company above an Indian company.
Company incorporation in India.
Reporting investment going out of India.
Sector route, caps and pricing confirmed before money arrives.
Valuation from an eligible independent valuer.
Shares allotted within 60 days of receiving the funds.
Filed on FIRMS within 30 days of allotment.
AD bank queries answered until the filing is approved.
FLA return by 15 July and any FC-TRS or DI filings as needed.
FDI reporting continues after the first filing.
Filed every year by 15 July by companies with foreign investment.
Every resident–non-resident share transfer reported in FC-TRS.
Delays can be regularised by paying a late submission fee within the permitted period.
Older or serious lapses may need compounding with RBI.
Share your query and our team will reply during business hours.
FC-GPR is the form in which an Indian company reports the issue of shares to a foreign investor to RBI, through the FIRMS portal, within 30 days of allotment.
Shares must be allotted within 60 days of receiving the money. If not, the money must be refunded within 15 days after that period.
A Chartered Accountant, a SEBI-registered merchant banker or a practising cost accountant, as the pricing rules require.
It can usually be filed with a late submission fee within the permitted period; after that, the lapse may need compounding.
An annual return on foreign liabilities and assets, filed with RBI by 15 July by Indian companies and LLPs with foreign investment.
ACS – Director, Expertvuw Management Pvt Ltd
FDI filings are prepared by Expertvuw’s team and submitted through your authorised dealer bank. Valuation reports and certificates required by law are issued by independent Chartered Accountants, merchant bankers or cost accountants.