Chartered Accountant · ICAI M.No. 153926 · FRN 136869W
What FC-GPR reports
When a foreign investor subscribes to your shares, FEMA requires you to report the inflow to the RBI so the foreign direct investment is on record. That report is Form FC-GPR, filed through the FIRMS / SMF portal, with the valuation certificate, a company-secretary certificate and a declaration of FDI compliance attached.
The 30-day clock
The filing is due within 30 days of allotment — not 30 days of receiving the money. Miss it and a Late Submission Fee applies, calculated on the amount and the delay, which can run into meaningful sums for a large round. Confirm the current LSF formula and timelines under the FEMA NDI Rules.
A worked example
A startup allots shares to a Singapore fund on 1 August. It must file FC-GPR by 31 August, attaching the merchant-banker valuation and KYC. If the money arrived earlier as an advance, the inflow should already have been reported, and FC-GPR closes the loop at allotment. Remember the shares must also be allotted within 60 days of receiving the money or it has to be refunded, so the allotment clock and the FC-GPR clock work together. The form is filed through the Single Master Form on FIRMS with a company-secretary certificate attached, and a delay triggers the Late Submission Fee. This sits alongside the company-law PAS-3 filing. See foreign investor compliance; our startup service files it for you.