What changed
RBI has discontinued Part B of Form FC-GPR, which was an annual return on investments due June 30. A new 'Annual Return on Foreign Liabilities and Assets' (Annex-I) replaces it, with a revised deadline of July 15 each year. The return must be sent to a different RBI division: External Liabilities and Assets Statistics Division, DSIM, at a new address.
What it means for you
Banks must update their compliance advisories and customer communication templates to reflect the new form and deadline. The change aligns FDI reporting with international standards and captures both inward and outward FDI more comprehensively. Non-compliance by companies could lead to regulatory issues, so banks should proactively guide clients.
What you must do
- Inform all corporate customers who have received FDI or made overseas investments about the new Annual Return on Foreign Liabilities and Assets.
- Update internal checklists and customer advisories to reflect the July 15 deadline and the new submission address.
- Ensure customers understand that the return is mandatory for all companies with FDI inflows or outflows in any previous or current year.
- Monitor RBI notifications for separate amendments to FEMA regulations that will formalize this change.
Who it affects
AD Category-I banks, Indian companies with FDI inflows, Indian companies with overseas investments (FDI abroad)
What is the new deadline for filing the Annual Return on Foreign Liabilities and Assets?
The return must be submitted by July 15 of every year, replacing the earlier June 30 deadline for Part B of FC-GPR.
Which companies need to file this new return?
All Indian companies that have received foreign direct investment (FDI) and/or made FDI abroad (overseas investment) in the previous year(s) including the current year must file.
Where should the return be sent?
The return should be sent to the Director, External Liabilities and Assets Statistics Division, Department of Statistics and Information Management (DSIM), Reserve Bank of India, C-8, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051.