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of <h1>New FDI Reporting Rules: Indian Firms Must Report Share Receipts in 30 Days; Annual Reports Due July 31.</h1> The circular outlines revised procedures for reporting under the Foreign Direct Investment (FDI) scheme. Indian companies must report the receipt of consideration for shares or convertible debentures within 30 days using Annex II, accompanied by a Foreign Inward Remittance Certificate (FIRC) and a Know Your Customer (KYC) report on the non-resident investor. The issuance of shares or debentures must be reported using the revised form FC-GPR (Annex I), ensuring the Unique Identification Number (UIN) is included. Annual investment reports are now due by July 31. Amendments to relevant regulations will be issued separately, and banks are instructed to inform their clients.
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