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Startup ecosystem · Cap Table

FC-GPR: reporting foreign investment within 30 days

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  1. Facts

    Any time a Pvt Ltd company in India receives investment from a foreign person or entity (NRI, foreign VC, foreign angel), it must file Form FC-GPR with RBI within 30 days of share allotment.

  2. Provisions and law

    • FEMA 1999, Reg 4 | RBI Circular: FC-GPR Filing

  3. Analysis

    FC-GPR is filed through FIRMS (Foreign Investment Reporting and Management System) on RBI's portal. Late filing = penalty of ₹5,000/day (plus compounding). Many funded startups have pending FC-GPR filings they don't know about. Also required: Form FCGPR-B (annual return) by 31 July every year for companies with foreign investment.

  4. Conclusion

    1. Share allotment board resolution
    2. FIRC (Foreign Inward Remittance Certificate) from bank
    3. KYC of foreign investor
    4. CS certificate and valuation report
    5. File within 30 days of allotment on RBI FIRMS portal

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