Form FC reporting obligations require disclosure of overseas financial commitments and disinvestment reporting through the authorised dealer bank. The Form FC is the mandatory reporting template for Indian persons making overseas investments, capturing particulars of the Indian reporting person, the foreign entity and step down subsidiaries, the full range of financial commitments (equity, debt, guarantees, non fund commitments, charges and conversions), and cumulative limits. It requires a declaration by the Indian person, a certificate by statutory auditors on compliance with valuation and limit norms, AD bank verification and online reporting to the Reserve Bank, and distinct reporting procedures for restructurings and disinvestments.
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Provisions expressly mentioned in the judgment/order text.
Form FC reporting obligations require disclosure of overseas financial commitments and disinvestment reporting through the authorised dealer bank.
The Form FC is the mandatory reporting template for Indian persons making overseas investments, capturing particulars of the Indian reporting person, the foreign entity and step down subsidiaries, the full range of financial commitments (equity, debt, guarantees, non fund commitments, charges and conversions), and cumulative limits. It requires a declaration by the Indian person, a certificate by statutory auditors on compliance with valuation and limit norms, AD bank verification and online reporting to the Reserve Bank, and distinct reporting procedures for restructurings and disinvestments.
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