Get Power Of Attorney To Fema Form

FC-GPR stands for Foreign Currency-Gross Provisional Return. It is a form that entities receiving foreign direct investment (FDI) in India must file with the RBI. The FC-GPR form contains essential details about the investment, the foreign investor, and the Indian company receiving the investment.

Proposals which do not satisfy the parameters prescribed for automatic approval by RBI, require clearance from Government of India (SIA/FIPB as the case may be). Any application requiring Government approval may be lodged in form FC(SIA) or in plain paper containing complete information regarding the proposals.

Only United States citizens, non-citizen nationals, or qualified non-citizens are eligible to receive assistance from FEMA.

Form FC- GPR The Indian company that receives foreign investment and allots shares against such investment should file such allotment with the RBI. The company must provide details of allotment in the Form FC- GPR (Foreign Currency – Gross Provisional Return) within 30 days of allotment to the RBI.

Most Disaster Recovery Centers (DRCs) have the ability to scan documents and upload them into the FEMA system. Find the closest DRC at .fema.gov/drc. By mail, with a cover letter listing the documents enclosed. Send them to the FEMA National Processing Service Center, P.O. Box 10055, Hyattsville MD 20782-7055.

The Customer hereby declares that any transaction involving foreign exchange hereunder will not involve, and will not be designed for the purpose of any contravention or evasion of the provisions of the Foreign Exchange Management Act, 1999 or any rule, regulation, notification, direction or order made thereunder.

FC-GPR applies when an entity receives foreign investment and against such investment, the entity allocates shares to foreign investors. If the same happens, the entity should file details of such allotment of shares with the Reserve Bank of India as per RBI requirements for foreign direct investment within 30 days.