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of <h1>RBI Clarifies Reporting for FVCI Investments in Indian Companies; Use FC-GPR or FC-TRS Forms, Avoid Double Reporting.</h1> The circular addresses the reporting requirements for Foreign Venture Capital Investors (FVCIs) acquiring shares in Indian companies under the Foreign Direct Investment (FDI) scheme. It clarifies that such investments should be reported using forms FC-GPR or FC-TRS, as applicable, to avoid double reporting. If the investment falls under Schedule 6, no FC-GPR/FC-TRS reporting is necessary, and it will be handled by the custodian bank. The Reserve Bank of India has amended regulations to streamline this process, and authorized dealer banks are instructed to inform their clients accordingly. The circular is issued under the Foreign Exchange Management Act, 1999.
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