RBI/2013-14/490
A.P. (DIR Series) Circular No.102
February 11, 2014
To
All Category - I Authorised Dealer banks
Madam / Sir,
Foreign Direct Investment –
Reporting under FDI Scheme: Amendments in form FC-GPR
Attention of Authorised Dealers Category-I (AD Category - I)
banks is invited to provisions of the Foreign Exchange Management
(Transfer or Issue of Security by a Person Resident outside India)
Regulations 2000 notified vide Notification No. FEMA 20/2000-RB dated
May 3, 2000 (hereinafter referred to as Notification No. FEMA 20), as
amended from time to time. Attention of AD Category - I banks is also
invited to A.P. (DIR Series) Circular No.40 dated April 20, 2007, A.P. (DIR Series) Circular No. 44 dated May 30, 2008 and A. P. (DIR Series) Circular No.110 dated June 12, 2013.
2. In terms of para 9 (1) A of Schedule I to the FEMA
Notification No. 20 dated May 03, 2000 as amended from time to time,
Indian companies are required to report the details of the amount of
consideration received for issuing shares and convertible debentures
under the Foreign Direct Investment (FDI) scheme to the Regional Office
of the Reserve Bank in whose jurisdiction the Registered Office of the
company operates, within 30 days of receipt of the amount of
consideration. Further, in terms of Para 9 (1) B of Schedule ibid, the
companies are required to report the details of the issue of shares /
convertible debentures in form FC-GPR, to the Regional Office concerned,
within 30 days of issue of shares / convertible debentures.
3. In order to further capture the granular details of FDI as
regards Brownfield/Greenfield investments and the date of incorporation
of investee company, Form FC-GPR has been revised. Accordingly, the
details of FDI should, henceforth, be reported in the revised Form
FC-GPR, enclosed as Annex-I
4. AD Category - I banks may bring the contents of this circular to the notice of their constituents and customers concerned.
5. The directions contained in this circular have been issued
under sections 10(4) and 11(1) of the Foreign Exchange Management Act,
1999 (42 of 1999) and is without prejudice to permissions / approvals,
if any, required under any other law.
Yours faithfully,
(Rudra Narayan Kar)
Chief General Manager In-Charge |