RBI/2013-14/490
A.P. (DIR Series) Circular No.102
February 11, 2014
To
All Category - I Authorised Dealer banks
Madam / Sir,
Foreign Direct Investment –
Reporting under FDI Scheme: Amendments in form FC-GPR
Attention of Authorised Dealers Category-I (AD Category - I) banks is invited to
provisions of the Foreign Exchange Management (Transfer or Issue of Security by
a Person Resident outside India) Regulations 2000 notified vide
Notification No.
FEMA 20/2000-RB dated May 3, 2000 (hereinafter referred to as Notification No.
FEMA 20), as amended from time to time. Attention of AD Category - I banks is
also invited to
A.P. (DIR Series) Circular No.40 dated April 20, 2007,
A.P. (DIR
Series) Circular No. 44 dated May 30, 2008 and
A. P. (DIR Series) Circular
No.110 dated June 12, 2013.
- In terms of para 9 (1) A of Schedule I to the
FEMA Notification No. 20 dated
May 03, 2000 as amended from time to time, Indian companies are required to
report the details of the amount of consideration received for issuing shares
and convertible debentures under the Foreign Direct Investment (FDI) scheme to
the Regional Office of the Reserve Bank in whose jurisdiction the Registered
Office of the company operates, within 30 days of receipt of the amount of
consideration. Further, in terms of Para 9 (1) B of Schedule ibid, the companies
are required to report the details of the issue of shares / convertible
debentures in form FC-GPR, to the Regional Office concerned, within 30 days of
issue of shares / convertible debentures.
- In order to further capture the granular details of FDI as regards
Brownfield/Greenfield investments and the date of incorporation of investee
company, Form FC-GPR has been revised. Accordingly, the details of FDI should,
henceforth, be reported in the revised Form FC-GPR, enclosed as Annex-I
- AD Category - I banks may bring the contents of this circular to the notice
of their constituents and customers concerned.
- The directions contained in this circular have been issued under sections
10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and is
without prejudice to permissions / approvals, if any, required under any other
law.
Yours faithfully,
(Rudra Narayan Kar)
Chief General Manager In-Charge