FC-GPR and FC-TRS Filings
Bring in foreign investment or move shares between a resident and a non-resident, and RBI reporting under FEMA follows. We prepare and file FC-GPR and FC-TRS on the FIRMS portal, so the transaction stays compliant.
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RBI reporting for foreign investment, on both sides of the deal
FC-GPR reports the allotment of shares or securities to a foreign investor when an Indian company receives foreign investment. FC-TRS reports the transfer of shares between a resident and a non-resident, in either direction. Both are filed with the Reserve Bank of India under FEMA, through the FIRMS portal.
Each filing needs its own valuation certificate, KYC on the foreign party, and supporting board or transaction documents, prepared and submitted within the timeline FEMA sets from the relevant transaction date.
- FC-GPR — shares allotted to a foreign investor against fresh inflow
- FC-TRS — shares transferred between resident and non-resident
- Both filed on the RBI’s FIRMS portal
- Both need a valuation certificate and KYC on the foreign party
Any company on the receiving or transferring side of FDI
Companies issuing shares to a foreign investor
Indian companies, including startups, allotting shares or securities against inbound foreign investment need to file FC-GPR.
Resident and non-resident parties
Whoever is party to a share transfer between a resident and a non-resident needs FC-TRS filed for the transaction.
Cross-border cap table changes
Any change in ownership between resident and non-resident holders, in either direction, needs to be reported.
Documentation to filed acknowledgement
Valuation certificate
Coordinating the valuation report your CA or SEBI-registered merchant banker needs to sign off.
KYC and FIRC
Getting the foreign investor’s KYC report and the Foreign Inward Remittance Certificate in place.
Board and transaction documents
Board resolutions, consent letters, and the share purchase or transfer agreement, organised for filing.
FIRMS portal filing
We prepare and submit FC-GPR or FC-TRS directly on the RBI’s FIRMS portal.
Timeline tracking
We track the FEMA-mandated window from your transaction date, so the filing goes in before it lapses.
Query response
If the RBI raises a query on the filing, we respond and see it through to acceptance.
Questions companies ask first.
Do I file FC-GPR or FC-TRS for my transaction?
FC-GPR applies when your company allots shares to a foreign investor against fresh foreign investment. FC-TRS applies when existing shares are transferred between a resident and a non-resident. We confirm which applies once we see the transaction.
What documents does RBI need for these filings?
Typically a valuation certificate, KYC on the foreign party, the Foreign Inward Remittance Certificate for FC-GPR, and the transfer or purchase agreement plus consent letters for FC-TRS. We prepare the full set before filing.
What happens if the filing is delayed?
Delayed or missed FC-GPR and FC-TRS filings attract penalties under FEMA and can complicate a future fundraise or transfer. We track your specific deadline from the transaction date and file within it.
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