What changed
The FC-GPR form has been revised to include additional fields for brownfield/greenfield investment classification and the date of incorporation of the investee company. This replaces the previous version of the form referenced in earlier circulars.
What it means for you
Banks must ensure that all FDI reporting under the FC-GPR form now includes these new data points, which will improve RBI's ability to monitor investment types and company age. Non-compliance with the revised form could lead to reporting delays or rejections.
What you must do
- Update internal systems and templates to incorporate the revised FC-GPR form fields for brownfield/greenfield and incorporation date.
- Train staff handling FDI reporting on the new form requirements and submission process.
- Advise corporate clients to provide the additional details when submitting FC-GPR for share/debenture issues.
- Ensure all pending and future FC-GPR filings use the revised form as per the circular.
Who it affects
AD Category-I banks, Indian companies receiving FDI, RBI regional offices processing FC-GPR
What specific new fields are added to the FC-GPR form?
The revised form now requires classification of investment as brownfield or greenfield and the date of incorporation of the investee company.
When does this revised form become effective?
The circular is dated February 11, 2014, and the revised form must be used for all FDI reporting from that date onward.
Does this change affect the 30-day reporting timeline?
No, the existing 30-day timeline for reporting consideration receipt and share issuance remains unchanged.