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In India, foreign investment is regulated under the Foreign Exchange Management Act (FEMA) and monitored by the Reserve Bank of India (RBI) through specific reporting frameworks. Two key forms are FCGPR and FCTRS, which track different types of foreign direct investment (FDI) transactions. While both relate to capital instruments and foreign exchange, FCGPR is for issuing shares to foreign investors, and FCTRS is for transferring shares between residents and non-residents. Understanding their scope, application, and compliance is crucial when dealing with foreign contributions or securities.
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Key Difference Between FCGPR and FCTRS FCGPR and FCTRS are key RBI forms under FEMA to track foreign investments in India. FCGPR is for share issuance to foreign investors, while FCTRS is for share transfers between residents and non-residents Aspect FCGPR FCTRS Transfer of existing shares between residents and non- residents Issuance of fresh shares/instruments to foreign investors Nature of Transaction Applicable Form Form FCGPR Form FC-TRS Must be filed within 60 days of consideration receipt/remittance Must be filed within 30 days of share allotment Timeline Yes, FCGPR registration is mandatory through the FIRMS portal Not required for FCTRS, but FC- TRS filing is mandatory FCGPR Registration Required? Tracks foreign investment inflows via new share issues Tracks foreign investment transfers post-issuance Use Case Compliance Authority Reserve Bank of India Reserve Bank of India Portal Used FIRMS Portal FIRMS Portal Involves allotment of new foreign securities Involves transfer of already issued foreign securities Foreign Securities Involvement Relevant for NGOs or entities receiving foreign contribution Also applicable if transfer involves foreign contribution Foreign Contribution Relevance info@skmcglobal.com +91 989-125-5499 www.skmcglobal.com
