FCGPR is required to be filed with the RBI for issue of shares through Bonus/Right issue by an Indian company to a person resident outside India/body corporate incorporated outside India.
Due date for filling: Within 30 days from the date of issue of shares
TYPE OF REGISTRATION:
To fill in details regarding the entity
To fill in the following details namely
DOCUMENTATION REQUIRED TO BE SUBMITTED WITH FC-GPR FORM:
Note: The above attachments have to be attached in a combined file not exceeding 1MB.
STEPS FOR FILING FC-GPR:
For logging in to FIRMS go to the website https://firms.rbi.org.in by using User Name and default password given via an email, the BU will be able to set a new password. Logging in to FIRMS will lead the BU to his/her workspace.
On single Master Form, Click on the drop down menu “Return Type” where you will be able to see different types of forms Select “Form FC-GPR” and click on the Add new return. The user will be taken to form FC-GPR. Where certain details will be pre-filled like CIN, Company name, Pan Number etc. while some details like entry route and applicable sectoral cap/statutory ceiling will have to be filled
Details such as Date of Issue, Nature of Issue, Initial FC-GPR Reference No. in case of subsequent filing.
Note: Whether the change in the shareholding pattern due to this transaction being reported has already been accounted in the pre transaction shareholding pattern. Here YES/NO is to be selected. Here NO should be selected as the current shareholding pattern is being reported now which shall be added to the existing shareholding pattern of the shareholder and has not been accounted in the pre transaction shareholding pattern.
The next step for reporting the Form FC-GPR to the RBI the next set of details would be particulars of issues. There would be an auto populated table for the consolidated particulars of issue. Fair value of issue in rupees to be filled in as per the valuation certificate issued by the authorised person along with the attachment as “valuation certificate”. And lastly, there would be a declaration by the BU.
Value of equity shares (on a fully diluted basis) other than Foreign Portfolio Investment and indirect foreign investment or Value of Capital contribution/profit shares, Foreign Portfolio Investment, and Indirect foreign investment- Value of equity shares (on a fully diluted basis)
Pre transaction values are auto-populated from the Entity Master (tab 3)
Post transaction values are auto-calculated based upon the details provided in the form. Post transaction=Pre transaction value of shares + Value of shares reported in the form. The Business user shall ensure that the details are correctly filled in the form, so that the shareholding pattern which is auto- calculated is correct.
After filling in all details, click on the Save and Submit for submitting the form.