The reporting a foreign investor must complete after money arrives in India — miss it and the company faces late-submission fees or compounding.
Who needs this
- Every Indian company or LLP that receives capital from a non-resident.
What we do
- Register the company and investor on the RBI FIRMS portal (Entity Master and Business User).
- Obtain the FIRC and KYC from the remitting bank.
- File Form FC-GPR (Foreign Currency – Gross Provisional Return) within 30 days of allotment of shares, with the valuation certificate and CS/CA certificates.
- File Form FC-TRS (Foreign Currency – Transfer of Shares) within 60 days of any transfer of shares between a resident and a non-resident.
- Set up the annual FLA (Foreign Liabilities and Assets) return and downstream-investment reporting where the Indian company itself invests onward.
What you receive
- RBI acknowledgements for each filing; a FEMA (Foreign Exchange Management Act) compliance file for auditors and future investors.
Key deadlines / thresholds
| Item | Rule |
|---|---|
| Form FC-GPR (issue of shares to non-resident) | 30 days from allotment |
| Form FC-TRS (transfer of shares resident ⇄ non-resident) | 60 days from transfer or receipt of funds, whichever is earlier |
| FLA return | 15 July each year (RBI extended FY 2025-26 to 31 July 2026) |
Documents you'll need
- FIRC and KYC letter from the bank
- Board resolution for allotment, PAS-3 acknowledgement, share certificates
- Valuation certificate (CA / merchant banker) supporting the issue price
- Investor's incorporation documents and declaration of ownership
Download the document checklist (PDF)
Questions we are asked most
Who needs FEMA and RBI reporting?
Every Indian company or LLP that receives capital from a non-resident.
What documents do you need for FEMA and RBI reporting?
FIRC and KYC letter from the bank. Board resolution for allotment, PAS-3 acknowledgement, share certificates. Valuation certificate (CA / merchant banker) supporting the issue price. Investor's incorporation documents and declaration of ownership.
What do you deliver for FEMA and RBI reporting?
RBI acknowledgements for each filing; a FEMA compliance file for auditors and future investors.
Last updated: September 21, 2026.