FC-GPR is a type of form which is issued by the Reserve Bank of India under FEMA (Foreign Exchange Management Act, 1990). Foreign investors during the allotment of shares by the company report to RBI in the form of FC-GPR only. FC-GPR is the abbreviation of Foreign Collaboration General Permission Route.
FC-GPR is not filed alone. The FC-GPR filing can be done along with other supporting documents through the RBI.
A strict penalty can be imposed by RBI if any company will not adhere to the rules and compliances of the RBI. The penalty is not fixed but it varies from case to case. The penalty cannot exceed INR 5 lakhs of the total amount of investment by the company.
The company is required to fulfill other necessary details and procedures before filing for the FC-GPR. The FC-GPR filing due date is 30 days from the date of the issue of insecurities to the company.
Following information and documents such as Unique Identity Number by the RBI, KYC, Company Secretary Certificate, etc are required to be obtained by the company prior to the filing of FC-GPR.
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