FCGPR
(Foreign Currency – Gross Provisional Return)
An interactive guide to the essential compliance form for any Indian company receiving Foreign Direct Investment (FDI).
Why is FCGPR Filing Important?
The FCGPR form is a critical declaration to the Reserve Bank of India (RBI). It ensures transparency and helps the government regulate foreign investment. This section breaks down the two main events that trigger the need to file.
Receipt of Foreign Funds
This applies when an Indian entity receives money from a non-resident as an investment. Click to see the details.
Issuance of Equity
This is required when equity instruments are issued to foreign investors. Click to explore this trigger.
The Filing Process: Who & When
Understanding the FCGPR process is straightforward. One entity is responsible, and the timeline is strict. This section visualizes the key steps and deadlines you must follow.
Who Needs to File?
The responsibility falls solely on the Indian Company or LLP that receives the foreign investment.
The 30-Day Rule
Event Occurs
Either funds are received OR equity is issued.
30-Day Clock Starts
The deadline is calculated from whichever event happened earlier.
Filing Deadline
The FCGPR form must be submitted to the RBI.
Consequences of Non-Compliance
Failing to file the FCGPR on time or submitting incorrect information is a violation of FEMA regulations. This is not taken lightly and can result in significant penalties for the company.
Significant Penalties Apply
Missing the filing deadline or submitting incorrect information can lead to substantial financial penalties under the Foreign Exchange Management Act (FEMA), 1999. Timely and accurate filing is not just a formality—it's a mandatory step to avoid legal and financial trouble.
In a Nutshell
The FCGPR is the RBI's primary tool for tracking foreign investments in India. If your company receives FDI, filing this form correctly and within the 30-day window is mandatory to stay compliant and ensure smooth operations.