<\/span><\/h3>\n\n\n\nQ1. What is FC-GPR and who needs to file it?<\/strong>
FC-GPR (Foreign Currency \u2013 Gross Provisional Return) must be filed by any Indian company that receives FDI and issues shares or convertible instruments to foreign investors. It is mandatory under FEMA 1999 and must be filed through the RBI’s FIRMS portal within 30 days of share allotment.<\/p>\n\n\n\nQ2. What happens if FC-GPR is filed late?<\/strong>
Late FC-GPR filing is a compoundable FEMA violation under Section 13. The RBI’s Compounding Authority levies a monetary penalty based on the FDI amount and the duration of delay. Companies must file a compounding application and pay the assessed penalty to regularize the violation.<\/p>\n\n\n\nQ3. Is FC-GPR required for CCPS and CCDs issued to foreign investors?<\/strong>
Yes. Compulsorily Convertible Preference Shares (CCPS) and Compulsorily Convertible Debentures (CCDs) are classified as equity under FEMA and require FC-GPR filing. Optionally convertible instruments fall under the ECB framework and require different reporting.<\/p>\n\n\n\nQ4. Can FC-GPR mistakes be corrected after submission?<\/strong>
Minor corrections may be possible through the authorized dealer bank and FIRMS portal. However, substantive errors \u2014 such as wrong instrument type, incorrect valuation, or missed UBO disclosure \u2014 typically require compounding and may necessitate revised filings with RBI approval.<\/p>\n\n\n\nQ5. Does an NRI investor also trigger FC-GPR requirements?<\/strong>
It depends on the investment route. NRI investments under Schedule I of the NDI Rules (automatic route, repatriable basis) do require FC-GPR. Investments under Schedule IV (non-repatriable, treated as domestic) follow separate reporting procedures. Consulting a qualified FEMA advisor is essential to determine the correct treatment.<\/p>\n","protected":false},"excerpt":{"rendered":"FC-GPR filing mistakes are among the most expensive compliance oversights a foreign-funded Indian company can make \u2014 and in 2026, the Reserve Bank of India is more vigilant than ever. The FC-GPR, or Foreign Currency \u2014 Gross Provisional Return, is a mandatory filing required under FEMA (Foreign Exchange Management Act, 1999) whenever an Indian company […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9625","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/startupsolicitors.com\/blog\/wp-json\/wp\/v2\/posts\/9625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/startupsolicitors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/startupsolicitors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/startupsolicitors.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/startupsolicitors.com\/blog\/wp-json\/wp\/v2\/comments?post=9625"}],"version-history":[{"count":1,"href":"https:\/\/startupsolicitors.com\/blog\/wp-json\/wp\/v2\/posts\/9625\/revisions"}],"predecessor-version":[{"id":9627,"href":"https:\/\/startupsolicitors.com\/blog\/wp-json\/wp\/v2\/posts\/9625\/revisions\/9627"}],"wp:attachment":[{"href":"https:\/\/startupsolicitors.com\/blog\/wp-json\/wp\/v2\/media?parent=9625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/startupsolicitors.com\/blog\/wp-json\/wp\/v2\/categories?post=9625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/startupsolicitors.com\/blog\/wp-json\/wp\/v2\/tags?post=9625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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