Chartered Accountants in India, working with clients across the UK

+91 9819 000 511 clientdesk@savlagroup.in nainitsavla@savlagroup.in
Book a consultationBook a call
FC-GPR Filing
FEMA & RBI · FC-GPR

FC-GPR filingfor shares issued to UK investors.

When your Indian company issues shares to a UK parent or investor, it must report the allotment to the RBI on Form FC-GPR within 30 days. The bank checks every document before approving it. We prepare the filing, the valuation and the certificates so it goes through first time.

File my FC-GPR
Valuation and certificates arrangedFees agreed in writingBank queries handled
FormFC-GPR
Deadline30 days from allotment
PricingNot below fair value
Filed byThe Indian company

What FC-GPR is for.

FC-GPR reports the issue of equity shares, compulsorily convertible preference shares or debentures, or share warrants by an Indian company to a person resident outside India. It is part of the Single Master Form on the RBI's FIRMS portal and must be filed within 30 days of allotment. See FDI Filing with RBI for the other forms.

Documents needed for FC-GPR.

From the bank
  • Foreign Inward Remittance Certificate (FIRC)
  • KYC report on the UK investor
  • Bank statement showing the credit
Certificates
  • Valuation report at fair value
  • Company Secretary certificate on compliance
  • Declaration by the authorised signatory
Company records
  • Board resolution allotting the shares
  • Memorandum of association
  • Shareholding before and after the issue

Rules to check before filing.

  • Sector allows the investmentWithin the sector's foreign ownership limit and conditions.
  • Price not below fair valueSupported by a valuation by a Chartered Accountant, SEBI-registered merchant banker or cost accountant as the rules require.
  • Allotted within 60 daysOf receiving the money; otherwise it must be refunded.
  • Money through banking channelsBy inward remittance or from an NRE or FCNR account.
  • Entity registered on FIRMSThrough the Entity Master Form.
  • Companies Act filingsPAS-3 return of allotment filed with the ROC within 30 days.

How we file your FC-GPR.

01
Plan

Before the money is sent

We check the sector, structure and pricing before the UK investor remits.

02
Value

Arrange the valuation

Fair value certificate under the pricing rules.

03
Allot

Board meeting and PAS-3

Allotment within 60 days and the ROC return of allotment.

04
File

FC-GPR on FIRMS

With all documents, within 30 days.

05
Approve

AD bank follow-up

We answer queries until the bank approves the filing.

If FC-GPR is late.

FeeLate submission fee

A late FC-GPR can be filed with a late submission fee, within the time allowed.

CompoundingLonger delays or other breaches

May need a compounding application to the RBI.

Next stepsHolds up future deals

A missing FC-GPR can delay further investment, transfers and dividends.

Why UK companies choose us in India.

We speak UK and India

We work with your UK finance team, lawyers and auditors, and translate Indian requirements into plain English.

Reviewed before filing

Every filing and certificate is checked by a second Chartered Accountant before it goes in.

Fees agreed in writing

A written scope, timetable and fee before work starts.

A compliance calendar

One calendar of every MCA, RBI, GST and income-tax deadline for your Indian entity.

One team end to end

Set-up, accounts, payroll, tax, audit and RBI filings handled together.

Secure and fully online

Encrypted document sharing and digital signatures. Directors never need to travel.

FC-GPR filings for UK investors everywhere.

We work with UK companies headquartered in every part of the UK, from start-ups in London and Manchester to established groups in the Midlands, Scotland and Wales. All the work is coordinated online with your UK team.

London

City of LondonCanary WharfHarrowWembleySouthallHounslowIlfordEast HamCroydonEdgware

South East

ReadingSloughMilton KeynesOxfordWatfordLutonCrawleyGuildford

Midlands

BirminghamLeicesterCoventryNottinghamWolverhamptonDerbyNorthampton

North of England

ManchesterLeedsBradfordSheffieldLiverpoolNewcastlePreston

East and South West

CambridgePeterboroughBristolSwindonSouthamptonBath

Scotland, Wales, NI

EdinburghGlasgowAberdeenDundeeCardiffSwanseaBelfast

FC-GPR FAQs.

Within 30 days of the date the shares are allotted.
The Indian company that issues the shares.
The FIRC and KYC from the bank, a valuation report, a Company Secretary certificate, the board resolution and a declaration by the authorised signatory.
No. Shares issued to non-residents cannot be priced below fair value under the pricing rules.
The money must be refunded to the investor within 15 days after the 60-day period.
Yes, with a late submission fee, within the time the rules allow. Longer delays may need compounding.

Issuing shares to a UK investor?

Tell us about the allotment before the money is sent. We will make sure FC-GPR goes through first time.

File my FC-GPR+91 9819 000 511

This page is general guidance based on the Companies Act, 2013, FEMA, RBI directions and Indian tax law as they stand. It is not legal or financial advice for your situation. Rules, limits and deadlines can change, so please speak to us before acting on it.