Report foreign investment to RBI on FIRMS

Every share issue to a foreign investor must be reported in Form FC-GPR, and every transfer between a resident and a non-resident in Form FC-TRS, on RBI’s FIRMS portal. We prepare the filing, coordinate with your bank and close RBI queries.

Handled by qualified CS and CA5 to 10 working daysGovernment fees shown separately

What is included

Entity Master Form registration on FIRMS, if not done
Review of sectoral cap, entry route and pricing guidelines
Coordination for the valuation report and KYC from the investor’s bank
FC-GPR within 30 days of allotment, or FC-TRS within 60 days of transfer or payment
Company Secretary certificate for FC-GPR
PAS-3 return of allotment with MCA
Handling AD bank and RBI queries until acknowledgement

What is not included

Valuation report fees (registered valuer or merchant banker)
Late submission fees or compounding of past defaults
Downstream investment reporting (Form DI)

Who needs this

Indian companies and startups receiving equity, CCPS or CCDs from foreign investors or NRIs on a repatriation basis, and residents buying or selling shares with non-residents.

Documents required

Foreign Inward Remittance Certificate and KYC of the investor from the AD bank
Board and shareholder resolutions for the allotment or transfer
Valuation report as per FEMA pricing guidelines
Share purchase or subscription agreement
Shareholding pattern before and after the transaction
Memorandum and Articles of Association

How it works

Share transaction documents and bank papers

We prepare the form, certificates and supporting attachments

The form is filed on FIRMS, verified by the AD bank and acknowledged by RBI

Timeline

5 to 10 working days. Government processing times are outside our control; we track and follow up on every application.

If you skip it

Penalty exposure: Late reporting can be regularised within 3 years by paying a late submission fee of Rs 7,500 plus 0.025% of the amount per year of delay. Beyond that, compounding is required, and FEMA contraventions can attract up to three times the amount involved.

What this service creates next

Completing this is the start of a recurring set of obligations. Under an AdvisoNet plan these are tracked in your Compliance Passport and handled before they fall due.

FLA annual return by 15 July every year
FC-TRS on any later share transfer with a non-resident
Downstream investment reporting where the company invests in other Indian entities
Annual ROC filings reflecting foreign shareholding

See AdvisoNet plans from ₹1,499 per month

Frequently asked questions

When must shares be allotted?

Within 60 days of receiving the funds. If not, the money must be refunded within 15 days after that.

Who files FC-TRS?

The resident party to the transfer, whether buyer or seller, files FC-TRS within 60 days of the transfer or payment, whichever is earlier.

Is RBI approval needed before investment?

Not under the automatic route. Sectors under the government route need prior approval before funds are received.

Fees shown are AdvisoNet professional fees exclusive of GST and government charges. Content is general information, not legal advice; applicability depends on facts and current law.