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Online filing of FDI Forms/ Discontinuation of Physical filing/ Step towards ease of doing Business

February 4, 2016     by Kamini Goyal

With a view to promote the ease of reporting of transactions related to Foreign Direct Investment (FDI),the Reserve Bank of India has issued Circular on 1st February, 2016 in respect of: –

  • “Foreign Direct Investment –Reporting under FDI Scheme,
  • Mandatory filing of form ARF, FCGPR and FCTRS on e-Biz platform and;
  • Discontinuation of physical filing from February 8, 2016.  These forms are:

 

S. No Forms Purpose

1.

Advance Remittance Form (ARF) The form is used by the Companies to report the FDI inflows to RBI.

2.

 

FCGPR Form

 

A company submits this Form to RBI for reporting the issue of eligible instruments to the overseas investor against the above mentioned FDI inflow

3.

 

FCTRS Form It is submitted to RBI for transfer of securities between resident and person outside India.

 

Present Scenario: –

At present both the options, i.e. online filing and physical filing of above mentioned forms, are available to the users. Now, it has been decided that from February 8, 2016 the physical Filing of the above mentioned Form will be discontinued and Forms submitted in online mode only through e-Biz portal will be accepted.

 

For Notification, please refer https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=10248&Mode=0

 


 

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