Navigating RBI compliance for foreign investments can be complex. Our team ensures timely filings for forms like FC-GPR, FC-TRS, and FLA Returns, keeping your business aligned with the latest regulations.
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Foreign direct investment is one of the major monetary source for economic development in India. Foreign companies invest in India with a view to take advantage of cheaper wages and changing business environment of India. The foreign capital keeps flowing to the Indian economy and it's contributing towards the economic development. The Government has taken so many favourable policies in the recent years towards foreign investment in various industries by relaxing the foreign investment policies and regimes. As a part of bringing foreign investment to India, the entity should adhere to the RBI guidelines. The important filings which are applicable at the time of bringing foreign capital are as follows:-
When a company receives foreign investment and against such investment, the company allots shares to such foreign investor, then it is the duty of company to file details of such allotment of shares with RBI in Form FC-GPR within 30 days of such allotment.
Before reporting the transaction, applicant needs to obtain following:
Whenever any transfer of shares takes place between a resident and a non-resident, the resident individual or the entity has to report the transaction to RBI by filing of Form FC-TRS. The reporting of Form FC-TRS should be done within a period of 60 (Sixty) days from the date of receiving the money.
Before reporting the transaction, applicant needs to obtain following:
The annual return on Foreign Liabilities and Assets (FLA) is required to be submitted directly by all the Indian companies which have received FDI (foreign direct investment) and/or made FDI abroad (i.e. overseas investment) in the previous year(s) including the current year i.e. who holds foreign Assets or Liabilities in their Balance Sheets every year by July 15.
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