Introduction of Annual return on Foreign Liabilities and Assets reporting by Indian Companies and discontinuation of the Part B of Form FC-GPR

Introduction of Annual return on Foreign Liabilities and Assets>> reporting by Indian Companies and>> discontinuation of the Part B of Form FC-GPR:>>>> Many of you are aware that as per present FDI Regulations, the Indian>> Company which receives FDI both under the>> automatic and approval route needs to report to the Reserve Bank of>> India (RBI) through authorized dealer in Part A>> of Form FC-GPR at the time of investment. Similarly, the Companies>> need to file Part B of Form FC-GPR annually on>> or before 30th June of every year to RBI directly (Annual Reporting).>> In order to capture the statistics relating to Foreign Direct>> Investment (FDI), both inward and outward in a more>> comprehensive manner as also to align it with international best>> practices, vide AP DIR Circular No.45 dated 15th>> March 2011, it has been decided to replace Part B of the Form FC-GPR>> by a separate ‘Annual Return on Foreign>> Liabilities and Assets.>> The return should be submitted by July 15 of every year to the>> Director, Balance of Payment Statistics Division,>> Department of Statistics and Information Management (DSIM), Reserve>> Bank of India, C-9, 8th floor, Bandra Kurla>> Complex, Bandra (E), Mumbai - 400 051. Further, the return should be>> submitted by all the Indian companies which>> have received FDI and/or made FDI abroad (i.e. overseas investment) in>> the previous year(s) including the current>> year.