TaxTMI 
TaxTMI 
Reporting under Foreign Exchange Management Act, 1999 (Updated as on June 24, 2026)
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....(Updated as on December 14, 2017*) (Updated as on May 15, 2017*) (Updated as on September 19, 2016*) (Updated as on July 07, 2016*) (Updated as on June 13, 2016*) (Updated as on May 24, 2016*) (Updated as on May 18, 2016*) (Updated as on May 5, 2016*) (Updated as on April 13, 2016*) (Updated as on March 23, 2016*) (Updated as on February 11, 2016*) To, All Authorised Persons Madam/ Sir, Master Direction - Reporting under Foreign Exchange Management Act, 1999 Foreign Exchange Management Act, 1999 (FEMA) is administered through the authorised persons and is based on the declarations and averments made to them by persons while undertaking the transactions. The Reserve Bank, therefore, has prescribed various reports and forms under FEMA to be submitted by/ through Authorised Persons/ Authorised Dealer Category - I Banks/ Authorised Banks. Accurate compilations and timely submission of these reports are of critical importance as they not only act as a supervisory tool but also help in fine-tuning the policies relating to foreign exchange transactions regulated under FEMA. 2. The various reports/ forms required to be submitted under FEMA ar....
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....rchase of foreign currency. Prescribed Forms/ Returns: (a) Application Form for FFMC licence under section 10(1) of FEMA, 1999 (Annex I) (b) The Reserve Bank permits AD Category - I Banks, ADs Category - II and FFMCs to enter into [franchisee (also referred as agency)] agreements at their option for the purpose of carrying on Restricted Money Changing (RMC) business i.e. conversion of foreign currency notes, coins or travellers' cheques into Indian Rupees. They are required to obtain information from the franchisee in Form RMC-F (Annex II), scrutinise the same and keep it on record. (c) Registers in respect of the money-changing transactions to be maintained by AMCs: (i) Daily Summary and Balance Book (Foreign currency notes / coins) in form FLM 1 (Annex-III). (ii) Daily Summary and Balance Book (Travellers' cheques) in form FLM 2 (Annex-IV). (iii) Register of purchases of foreign currencies from the public in form FLM 3 (Annex-V). (iv) Register of purchases of foreign currency notes / coins from authorized dealers and authorized money changers in form FLM 4 (Annex-VI). (v) Register of sales of foreign currency notes / coins and foreign currency....
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....n/s to where the applicant proposes to conduct Money Changing Business (Please enclose copies of the Licences under Shops and Establishment Act) 4. (a) Date of establishment of the company (b) Name/s and address/es of the Directors of the company 5. Copy of the Certificate of Registration (Certificate of Incorporation & Certificate of Commencement of Business) of the company 6. Copy of Memorandum of Association together with a letter indicating the clause which provides for taking up money changer's business. 7. Confidential report from the applicant's bank/s in CIR format. 8. Net Owned Funds A copy of the latest Audited Balance Sheet of the applicant company together with a certificate from their Statutory Auditors certifying their Net Owned Funds as on the date of application and calculation thereof is to be enclosed. 9. Declaration to the effect that the company or any of its directors are not under investigation/adjudication of any law enforcing agencies, such as DoE/DRI and also that no criminal proceedings filed by Crime Investigation Agencies are pending against the company or any of its directors. 10. Undertaking to post competent staff to handle the money ....
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.... U.S. Dollar Euro Yen Other (Pl. specify) I. Opening Balance II. Add: Purchases (i) Purchases from the public (ii) Purchases from authorized dealers, money- changers and franchisees (iii) Import from abroad for replenishment of stock Total purchases Total (I + II) III. Less Sales: (i) Sales to public (ii) Sales to authorized dealers/full-fledged money changers (iii) Despatched abroad for realization Total Sales IV. Closing Balance (I + II - III) N.B: In cases where forged notes etc. are detected, the closing balance may be adjusted with remarks indicating the amount and the reasons for writing off. 5Part I: Annex-IV 5 Deleted vide AP (DIR Series) Circular No.17 dated June 24, 2026. Prior to deletion, it read as under: FLM 2 Daily Summary and Balance Book (Travellers' cheques) Pound Sterling U.S. Dollar Euro Yen Other (Pl. specify) I. Opening Balance II. Add: 1) Purchases from the Public 2) Purchases from others (including fresh stock received) Total (I + II) III. Less :1) Sales to public 2) Surrender to ADs/FFMCs 3) Exports IV. Closing Balance (I + II - III) Pre-paid cards sold: Amount. Note: - Stock register of blank travellers'....
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....y is sold, separate entries may be made (3) The columns 6 and 9 to be filled in case of release of exchange for business purpose 9Part I: Annex-VIII 9 Deleted vide AP (DIR Series) Circular No.17 dated June 24, 2026. Prior to deletion, it read as under: FLM 6 Register of sales of foreign currency notes/coins to authorised dealers/ full-fledged money changers/overseas banks Date Sl. No. Name and address of the authorised dealer/ full fledged Money changer/ overseas bank to whom sold Currency Amount Rate Rupee Equivalent received Remarks 1. 2. 3. 4. 5. 6. 7. 8. Note: - Necessary entries in the register should be made before the funds are taken out of the premises, not after delivery of funds. 10Part I: Annex-IX 10 Deleted vide AP (DIR Series) Circular No.17 dated June 24, 2026. Prior to deletion, it read as under: FLM 7 Register of travellers' cheques surrendered to authorised dealers/authorised money changers/exported Date Sl. No. Name and address of the Authorised dealer/authorised money changer/TC issuer/authorised agent to whom sold Travellers cheque No.(s) Amount Rate Rupee Equivalent received Remarks 1. 2. 3. 4. 5. 6. 7. 8. 11Part I:....
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....l Organizations (S1102) (i) Emigration Fees (S1202) (j) Emigration Consultancy Fees (S1006) (k) Sales to other FFMCs/ADs including exports C. Total Sales [(a) + (b) + (c) + (d) + (e) + (f) + (g) + (h)+ (i) + (j)+ (k)] Closing balance (A+B - C) We hereby certify that the statement is a true and correct account of all transactions undertaken during the month in accordance with the Foreign Exchange Regulations. 12Part I: Annex- XI 12 Deleted vide AP (DIR Series) Circular No.05 dated November 13, 2020. Prior to deletion, it read as under: Statement of Purchase transactions of USD 10,000 and above for the month of Date of transaction Name and address of the person surrendering the foreign currency Amount Currency/ TCs Signature of Authorized Official with Seal 13Part I: Annex- XII 13 Deleted vide AP (DIR Series) Circular No.17 dated June 24, 2026. Prior to deletion, it read as under: Statement showing summation of Foreign Currency Account opened in India out of export proceeds of Foreign Currency Notes/ encashed Travellers' Cheques for the quarter ended (Value in USD) Opening Balance in the Account Value of foreign currency notes/ encashed TC....
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.... Officer) Company: 16Part I: Annex Ia FLM-8: Statement of purchases and sales of foreign currency notes [See paragraph 16(i) of Section V of Master Direction - Money Changing Activities] Name of the FFMC / Non-bank AD Cat-II: Licence No. Month and Year of Return: USD GBP EURO JPY Others (Specify) A Opening Balance B Purchases: B.1 Purchases from Public B.2 Purchases through Franchisees / FxCs* B.3 Purchases from AD banks B.4 Purchases from other FFMCs / Non-bank ADs B.5 Imports C Sales: C.1 Sales to Public C.2 Sales through FxCs* C.3 Sales to AD banks C.4 Sales to other FFMCs / Non- bank ADs C.5 Exports D Foreign Currency Notes Written- off E Closing Balance * Not applicable to FFMCs Purpose-code-wise Purchases / Sales to Public during the month: Purpose Code Purpose Description Currency Amount 16 Inserted vide A.P. (DIR Series) Circular No. 17 dated June 24, 2026 17Part I: Annex IIa List of Forex Correspondents (FxCs) appointed by Principal ADs [See Regulation 14(b) of Foreign Exchange Management (Authorised Persons) Regulations, 2026] Name of the Principal AD: Quarter ended: # Name of the FxC Address of FxC ou....
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....ve, [Refer Section 2(77) of the Companies Act, 2013 and Rule 4 of the Companies (Specification of Definition) Rules, 2014] if any, who is or has been in the past, connected with any Authorised Person (including entities whose Authorisation has now been surrendered / revoked). 20. Details of any business, financial, employment or other interests, positions or relationships that may give rise to a potential conflict of interest in the discharge of your duties as Director/KMP. Undertaking I confirm that the above information is to the best of my knowledge and belief, true and complete. I undertake to keep the Reserve Bank of India fully informed, as soon as possible, of any events or changes relevant to the information provided above, from the date of this declaration. Certified that the above declaration has been verified by the entity based on available records, information and due diligence, and is found to be true, complete and correct. Signature: Place: Date: Name: Designation: (Authorised Signatory) 2) Money Transfer Service Scheme (MTSS) Money Transfer Service Scheme (MTSS) is a quick and easy way of transferring personal remittances from abroad to beneficia....
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....om the close of the quarter to which it relates. 22 Inserted vide A.P. (DIR Series) Circular No.15 dated March 05, 2024. Prior to modification it read as: "using the extensible Business Reporting Language (XBRL) (https://secweb.rbi.org.in/orfsxbrl)" (CIMS) (URL: https://sankalan.rbi.org.in) within 15 days from the close of the quarter to which it relates. In case no remittance was received during a quarter, a 'NIL' report shall be submitted. d. 23 [ *** ] All The Authorised persons who are Indian agents under MTSS are required to make all their correspondence with Reserve Bank including submission of prescribed statements to the Regional Office of the Foreign Exchange Department of the Reserve Bank, under whose jurisdiction their registered offices function 23 Deleted vide AP (DIR Series) Circular No.17 dated June 24, 2026. Prior to deletion, it read as under: Half-yearly statement of the collateral held as at the end of June and December every year (Annex-XVII): To be furnished by the Indian Agents to the ROs concerned of the FED of the Reserve Bank, under whose jurisdiction their registered offices fall, within 15 days from the close of the half-year t....
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....m banks. 7. A certificate from Chartered Accountant certifying Net Owned Funds 8. Balance Sheet and P&L A/c statement for the last three years. 9. Business plan for the next three years. 10. Conduct certificate from the local police authorities. 11. Declaration regarding past criminal cases, cases initiated/ pending against the company or its Directors by any law enforcing agencies. 12. Photographs of the Directors and key persons. 13. Information about the management. 14. Shop and establishment certificate/ other municipal certificate. Part I: Annex XVI Statement showing details of quantum of remittances received through Money Transfer Service Scheme during the quarter ended Name of the Indian Agent Name of the Overseas Principal Total quantum of remittances received in US $ INR equivalent Note: This statement is required to be submitted 24by the Indian Agents through Centralised Information Management System (CIMS) (URL: https://sankalan.rbi.org.in) within 15 days from the close of the quarter to which it relates. 24 Inserted vide A.P. (DIR Series) Circular No.15 dated March 05, 2024. Prior to modification it read as: "using the extensibl....
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....he Top Management on a quarterly basis. c. Statement B (Annex XX): This is a consolidated half-yearly statement showing position of Rupee/ foreign currency vostro accounts of Exchange Houses which are to be closed/ are in the process of closure. d. Statement C (Annex XXI): This is a monthly statement giving information regarding Exchange House's account held at overseas branches of Indian banks under Draft Drawing Arrangement (DDA)/ Non-DDA procedures for holding collection proceeds and additional collaterals. e. Statement D (Annex XXII): This monthly statement provides information about operations in the foreign currency vostro account of the Exchange House. Note - While statements A to D (Annex XIX to XXII) are not required to be submitted to the Reserve Bank, ADs Category-I should prepare these statements and cause inspections at the prescribed periodicities. The relative statements/ reports should invariably be submitted to their respective Top Management with suitable explanatory notes indicating corrective measures taken/ being initiated wherever necessary. f. Statement E (Annex XXIII): This quarterly statement on total remittances received every quarter i....
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..... 26 Inserted vide A.P. (DIR Series) Circular No. 09 dated December 22, 2023. Prior to modification it read as: "using the extensible Business Reporting Language (XBRL) system (https://secweb.rbi.org.in/orfsxbrl)" Part I: Annex XVIII Application for obtaining permission to enter into Rupee/ Foreign Currency Drawing Arrangements with Exchange Houses (a) The application for obtaining permission to enter into Rupee / Foreign Currency Drawing Arrangements with Exchange Houses should be completed and submitted in the prescribed format (given below), to the respective Regional Office of the Foreign Exchange Department of the Reserve Bank of India, under whose jurisdiction the registered office of the applicant falls. The application should be signed by the General Manager (or an officer of equivalent rank), International Banking Division/ Foreign Department of the applicant AD Category-I bank. (b) Documentation: AD Category-I banks should submit the following documents along with the application: (i) Certified copy of the license (English version) issued by the Central Bank/ any other Supervisory Authority of the country where the Exchange House is situated. (ii) ....
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....poses to enter into RDA (b) Date of establishment of the EH (c) Furnish details of other Group companies of EH viz. name, management control, financial means and standing, etc. 2(a) Whether the EH has operative RDA with any other bank in India? (b) If yes, state the name/s of the bank/s 3. Furnish details of the management structure of the EH: (a) Status of EH (company, firm, joint-ventures, etc.) (b) With whom the management vests (c) Name, nationality and line of business of the promoters of the EH (d) Capital holding pattern (e) Whether the applicant bank will have any investment in EH? Furnish complete details (f) Whether the applicant bank will have any role in management of EH? Furnish details 4. Profit earned/loss sustained by the EH during the previous three calendar years 5. Particulars of license issued by the Central Bank/ Supervisory Authority of the country concerned a) License No b) Date of issue c) Validity period d) Special conditions, if any 6. Particulars of licenses issued by Municipal Authorities and/or any other Government regulatory/ controlling authority (Applicable to EHs in UAE) a) License No b) Date of issue c) Validity period d) Special conditions....
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....Dr) as on : 5. Estimated value of pipeline debits (average 15 days drawings determined by progressive annual debit summations or by item No.3 above, whichever estimate is higher) 5 a. The amount of actual payments made by the principal: encashing branches/offices during the last one week (for adding to estimated pipeline) 6. Funds held abroad as collateral by the bank or under : DDA procedure. 7. Surplus /deficit in balances/collaterals in the account to: cover item No.5 8. State amount of counter-value foreign currency recovered from the Exchange House against each specific foreign credit afforded to the account during the month corresponding to the sale of Rupees made by the bank to the Exchange House : Date Amount of foreign currency recovered A) All payment advices received during the month from our paying branches have been taken into account for raising debits in the Rupee accounts of the Exchange House. B) We have received confirmation from our nostro account maintaining banks abroad for having credited counter value (foreign currency) funds to our nostro account before crediting Rupee funds to the account of the Exchange House. C) We confirm th....
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....ly statement regarding particulars of Exchange House account held at overseas branches of Indian banks (ADs Category-I) Name of the AD Category-I: Sr. No. Date of Opening the account Name of the Exchange House Name of the overseas branch Nature of account Why it was opened (quote H.O. authority if any) Balance as at the end of the previous month Balance as at the end of the month to which the statement relates Outstanding liabilities, if any 1. 2. 3. 4. 5. 6. 7. 8. 9. Part I: Annex XXII Statement D Name of the AD Category-I: No. of drawee branches: Full Address: Type of Account: RBI Approval No. and date: Name of the Exchange House: Particulars of operations in the Account during the month of Sl No. Particulars (Amount in USD) (Amount in GBP) 1. Opening balance in the account (Cr/ Dr) at the start of the month to which the statement relates 2. Total credits during the month 3. Total debits during the month 4. Closing balance (Cr/ Dr) as on- 5. Estimated value of pipeline debits (Average 15 days drawings determined by progressing annual debit summations or by item 3 above, whichever estimate is higher) 5 (a) The amount of actual payments ma....
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....e terms in column (9). (d) This statement should be signed by Chief of International Banking Department / Division of the Bank at Head Office, but not less than the grade of a DGM. (e) Please attach separate sheets furnishing details of deviations from the requirements as per declaration at Sr.no. (c), (f), (g), (h), (i) and (j) of Para 1 of SECTION III wherever necessary. Please also indicate the corrective action taken and the current status. We hereby certify that i) The above information has been compiled with reference to actuals and excludes the transactions in the pipeline. ii) The number of branches covered has increased from to since the submission of the last statement in view of the following reasons: iii) The growth/ deceleration in the inflows of foreign currency is due to the following reasons: iv) The outflows reported above are on account of and have the approval of RBI vide its letter No. dated - v) The above accounts had all through credit balances during the quarter under report. vi) Funds in the accounts were sufficient to cover estimated pipeline transactions. vii) Our overseas branches have not extended any line of credit / advances ....
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.... Series) Circular No. 16 dated September 06, 2024. Prior to deletion, it read as "AD Category - I banks are required to furnish the information on remittances made under the Liberalised Remittance Scheme (LRS) on a monthly basis, on or before the fifth of the following month to which it relates through Centralised Information Management System (CIMS) for which purpose they have been given user ID and password by the Reserve Bank. Where there is no data to be furnished, AD banks are advised to upload 'nil' figures in CIMS." 29 Inserted vide A.P. (DIR Series) Circular No. 16 dated September 06, 2024. 30 Inserted vide A.P.(Dir series) Circular No. 17 dated December 03, 2025 31 Inserted vide A.P.(Dir series) Circular No. 17 dated December 03,2025 32Inserted vide A.P.(Dir series) Circular No. 17 dated December 03,2025. (prior to insertion, this read as AD banks) 33 Inserted vide A.P. (Dir Series) Circular 50 dated February 11, 2016 11 'Others' such as loan to NRI close relatives and health insurance S0011, S0603 2. 34 Transactions relating to LRS are required to be reported in Foreign Exchange Transactions Electronic Reporting System (FETERS) ....
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....es in India. i. AAC from a Chartered Accountant showing the project status and certifying that the accounts of the project office have been audited and the activities undertaken are in conformity with the general/ specific permission given by Reserve Bank of India may be submitted by the PO to the designated AD Category-I bank. 2. AD Category-I bank shall submit a consolidated list of all the BOs/LOs/ POs opened and closed by them during a month (as per Annex II), by the fifth of the succeeding month, 36 The AAC modified vide Notification No. FEMA 22 (R)/2016-RB dated March 31, 2016. 37 through Centralised Information Management System (CIMS) (URL: https://sankalan.rbi.org.in) return code 'R343' named as 'LO/BO/PO' return. 3. 38 4. 39 5. Entities from Bangladesh, Sri Lanka, Afghanistan, Iran, China, Hong Kong, Macau or Pakistan which are setting up a BO/LO/PO in India should register with the state police authorities and are required to submit an annual report (as per Annex III) within five working days of the BO/LO/PO becoming functional to the Director General of Police (DGP) of the state concerned in which the BO/LO/PO has established its....
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....DIR Circular No. 69 dated May 12, 2016 Part III: Annex III Format of Report to DG of Police Sl No Particulars Details 1 Details of the foreign Entity a. Name b. Address c. Date and place of incorporation d. email id or web address 2 Detail of office in India a. Type of Office - LO/BO/PO or for others indicate type b. Address C. Contact number d. Date of opening of office 3 Head of office in India a. Name b. Nationality c. Designation d. Address e. Passport particulars (i) Passport Number (ii) Place of Issue (iii) Date of Issue (iv) Date of expiry (v) Any other relevant information f. email address g. Landline number h. Mobile number 4 Whether all foreign nationals employed at LO/BO/PO are on E Visas 5 Whether the foreign nationals on E Visas have reported to mandatory authorities ie., police station etc If not, name of such national/ nationality along with relevant details and reasons for not complying with the requirement List of personnel employed, including foreigners in Indian Office Foreigners Sl No Name Parentage Nationality Age Email and mobile particulars Passport and visa particulars Designation/ profession Date of entry into India and place of stay ....
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....the FIRMS platform at https://firms.rbi.org.in. The user manual for reporting is available on the homepage of the FIRMS website as well as on the RBI website www.rbi.org.in. The format of the SMF and KYC report is available in the user manual. 45For the purpose of reporting in the SMF, an Indian entity which has received foreign investment or indirect foreign investment or expects to receive it, is required to file an entity master on the FIRMS platform. The procedure for filing the entity master is provided in the user manual as hosted on the FIRMS website as well as, is available on the RBI website www.rbi.org.in. The reporting formalities for foreign investment are given below: 1) Reporting for issue of capital instruments 42 Modified with effect from 07.11.17 vide by Notification FEMA 20(R)/2017-RB dated-07.11.17 notified vide G.S.R. N0.1374 (E) 43 Modified with effect from October 17, 2019 due to notification of NDI Rules, 2019 vide S.O. 3732(E) and notification of FEMA 395 vide G.S.R. 795(E). Prior to modification, it read as "Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017 issued vide Notification N....
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....of the remittance; (b) Know Your Customer (KYC) report on the non-resident investor from the overseas bank remitting the amount in the mentioned form" 49 Deleted with effect from 01.09.18 by Amendment Notification FEMA 20(R)(3)/2018 dated Aug 30, 2018 notified vide G,S.R.No. 823 ( E ). Prior to deletion it read as, "in case, the remittance receiving AD Category - I bank (AD bank) is different from the AD bank through which FCGPR is filed, the KYC check shall be carried out by the remittance receiving bank and the KYC report be submitted by the investee to the AD bank carrying out the transaction along with the Form FC-GPR." 50 Inserted by AP (Dir) Series Circular No. 40 dated February 1, 2016. Prior to the insertion it read as "The forms can also be downloaded from the Reserve Bank's website https://rbidocs.rbi.org.in/rdocs/Forms/PDFs/KYC020411.pdf" 51 Deleted with effect from 01.09.18 by Amendment Notification FEMA 20(R)(3)/2018 dated Aug 30, 2018 notified vide G,S.R.No.823 ( E ). Prior to deletion it read as,"The filing/ reporting has to be done on the e-Biz platform at http://www.ebiz.gov.in (Home page -> click on Services tab -> Click on the appropriate RBI servic....
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....ct from 01.09. 18 with the introduction of SMF. Prior to deletion it read as, "to the Regional Office concerned of the Reserve Bank under whose jurisdiction the Registered office of the company operates," 55 Inserted with effect from 01.09. 18 with the introduction of SMF. Prior to insertion it read as, "Issue of bonus or rights shares to persons resident outside India directly or on amalgamation/ merger with an existing Indian company, as well as issue of shares on conversion of ECB/ royalty/ lump sum technical know-how fee/ import of capital goods by units in SEZs has to be reported in Form FC-GPR" 56 Inserted with effect from April 10, 2023. 57 Deleted with effect from 07.11.17 by Notification FEMA 20(R)/2017-RB dated 07.11.17 notified vide G.S.R. N0. 1374(E) dated 07.11.17. Prior to deletion it read as "Non-compliance with the above provision would be reckoned as a contravention under FEMA and could attract penal provisions" 58 Inserted as a clarification. 59 Inserted with effect from April 10, 2023. 60 Inserted as a clarification. (c) A letter from the beneficial owner explaining the reason for the remitter making remittance on its behalf. (d) A copy of....
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....the RBI website www.rbi.org.in -> Forms category > FEMA Forms) along with the related FAQs (www.rbi.org.in-> FAQs category -> Foreign Exchange)." b) 65Foreign Currency-Transfer of Shares (FC-TRS) 66. 1) Form FCTRS is required to be filed for transfer of equity instruments67 in accordance with NDI Rules, 2019, between: (i) a person resident outside India holding equity instruments in an Indian company on a repatriable basis and person resident outside India holding equity instruments on a non-repatriable basis; and (ii) a person resident outside India holding equity instruments in an Indian company on a repatriable basis and a person resident in India, The onus of reporting is on the resident transferor/ transferee or the person resident outside India holding equity instruments on a non-repatriable basis, as the case may be. 2) Transfer of equity instruments in accordance with NDI Rules, 2019 68between a person resident outside India holding equity instruments on a non-repatriable basis and person resident in India is not required to be reported in Form FC-TRS. 3) Transfer of equity instruments on a recognized stock exchange by a person resident outside India as....
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....s subject to a KYC check 69by the remittance receiving AD bank at the time of receipt of funds. In case, the remittance receiving AD bank is different from the AD bank handling the transfer transaction, the KYC check shall be carried out by the remittance receiving AD bank and the KYC report be submitted by the transferor/transferee to the AD bank carrying out the transaction along with the Form FC-TRS. d) 70In case the foreign remitter and the beneficial owner are different, the conditions (a) to (c) laid down at Para A (1)(b)(iv) of this part shall apply mutatis-mutandis. e) 71 72Omitted 3) 73Omitted 69 Deleted with effect from 01.09.18 with the introduction of SMF. 70 Inserted as a Clarification. 71 Deleted the following with effect from 07.11.17 "The AD bank branch shall submit two copies of the Form FC-TRS received from their constituents/ customers together with the statement of inflows/ outflows on account of remittances received/ made in connection with transfer of shares, by way of sale, to its IBD/ FED/ or the nodal office designated for the purpose by the bank in the enclosed proforma (which is to be prepared in MS-Excel format)." 72 Deleted with eff....
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....n Form FC-GPR76 as well as in Form ECB-2 clearly differentiating the converted portion from the non-converted portion. The words "ECB partially converted to equity" shall be indicated on top of the Form ECB-2. In the subsequent months, the outstanding balance of ECB shall be reported in Form ECB-2 to DSIM. 5) Reporting of ESOPs and sweat equity shares77 78An Indian company issuing 79employees' stock option (ESOP) to persons resident outside India who are its employees/ directors or employees/ directors of its holding company/ joint venture/ wholly owned overseas subsidiary/ subsidiaries shall file Form ESOP80 within 30 days from the date of issue of ESOPs. 74 Deleted with effect from 01.09.18 with the introduction of FIRMS application. Prior to deletion it read as, "to the Regional Office concerned of the Reserve Bank". 75 Contact numbers inserted 76 Deleted with effect from 01.09.18 with the introduction of FIRMS application. Prior to deletion it read as, "to the Regional Office concerned of the Reserve Bank". 77 Deleted with effect from 23.10.2018 with the introduction of SMF. 78 Modified with effect from 07.11.17 vide Notification FEMA 20(R)/2017-RB dat....
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....tuated," 83 Deleted with effect from 07.11.17 by Notification FEMA 20(R)/2017-RB dated 07.11.17 notified vide G.S.R. N0. 1374(E) dated 07.11.17. Prior to deletion it read as "The report would be acknowledged by the Regional Office concerned, which would allot a Unique Identification Number (UIN) for the amount reported." 84 Inserted with effect from October 17, 2019, vide Notification of FEMA 395. 85 Inserted with effect from January 10, 2017 by Amendment Notification No. FEMA 377/2016-RB dated January 10, 2017 notified vide G.S.R No. 16(E) dated January 10, 2017 86 Inserted with effect from 01.09.18 with the introduction of SMF. Prior to insertion it read as, "A startup company issuing Convertible Notes (CNs) to a person resident outside India shall furnish, through the AD bank, to the Regional Office concerned of the Reserve Bank under whose jurisdiction the Registered office of the startup company operates, a report in Form CN within 30 days of the issue of the CN." b) 87Omitted and taken to FCGPR. c) Transfer of Convertible Notes of a start-up company by way of sale between a person resident in India and a person resident outside India shall be reported by the....
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.... FDI Scheme (for which the payment has been received directly into company's account) and the Portfolio Investment Scheme (for which the payment has been received from FPIs' account maintained with an AD bank in India) shall report these figures separately under item no. 5 of Form FC-GPR (Annex III) (Post-issue pattern of shareholding) so that the details could be suitably reconciled for statistical / monitoring purposes." 9.2 Investment by NRIs94/ OCI The designated link office of the AD bank shall furnish to the Reserve Bank, a report in LEC(NRI) on a daily basis, 95for their entire bank, investments made by NRIs/ OCIs under Schedule III to NDI Rules, 2019 which is considered as Foreign Portfolio Investment within the meaning of Rule 2(t) of NDI, 2019 Rules. 96It would be the bank's responsibility to ensure that the data submitted to Reserve Bank is reconciled by periodically taking a NRI holding report for their bank. 97 Omitted 9810) Downstream Investment: 99Form DI: An Indian entity or an investment vehicle making downstream investment in another Indian entity which is considered as indirect foreign investment shall file Form DI with the Reserve B....
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....d Aug 30, 2018. Prior to Insertion it read as, "Forms ARF and" 10112) Investment by persons resident outside India in units of an Investment Vehicle An Investment vehicle which has issued its units to a person resident outside India in terms of Schedule VIII of NDI Rules, 2019 shall file Form InVI within 30 days from the date of issue of units. 102 101 01 Inserted with effect from February 05, 2019 with the introduction of form InVI on SMF- FIRMS 102 Deleted vide A.P.(DIR Series) Circular No. 16 dated September 30, 2022 which introduced a uniform LSF matrix 103Omitted 103 Deleted Annex I to Annex X with the introduction of SMF. Part V: 104[Borrowing and Lending (1) The designated AD Category I bank shall submit the following returns in terms of Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 (Notification No. FEMA.3(R)/2018-RB dated December 17, 2018): (a) 'Form ECB 1' as per the format in Annex I to [email protected]; (b) 'Revised Form ECB 1' as per the format in Annex I to [email protected]; (c) 'Form ECB 2' as per the format in Annex II to [email protected]; and (d) 'Form....
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....lecting "Yes"> - - 10 Borrower Type Other Borrower Type <applicable on selecting "Others (Specify)"> - - 11 Specify the applicable Act(s) and relevant section of the Act as per which the entity is permitted for ECB (for entities other than Companies and LLPs) - - - 12 Borrower Category - - - 13 Borrower Classification (6 Digit NIC-2025 Code) - - - 14 Net Worth (as per the last audited balance sheet) (INR) Net Worth (as per the last audited balance sheet) (USD Equivalent) - - 15 Outstanding Domestic Borrowing from Banks (as on the date of application) (INR) Outstanding Domestic Borrowing from AIFIs and NBFCs (as on the date of application) (INR) Outstanding Domestic Borrowing through Debt Instruments (as on the date of application) (INR) Outstanding Domestic Borrowing from Other Sources (as on the date of application) (INR) 16 Outstanding ECBs (as on the date of application) (USD) Outstanding External Trade Credits (as on the date of application) (USD) Outstanding External Borrowing from Other Sources (as on the date of application) (USD) - 17 Total Outstanding Domestic Borrowing (as on the date of application) (INR) Total Outstanding Domestic Borrowi....
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...."Others (Specify)"> % of Borrowing Amount - 37 End-Use Sector 1 Other End-Use Sector 1 <applicable on selecting "Others (Specify)"> % of Borrowing Amount - 38 End-Use Sector 2 Other End-Use Sector 2 <applicable on selecting "Others (Specify)"> % of Borrowing Amount - 39 End-Use Sector 3 Other End-Use Sector 3 <applicable on selecting "Others (Specify)"> % of Borrowing Amount - 40 End-Use Sector 4 Other End-Use Sector 4 <applicable on selecting "Others (Specify)"> % of Borrowing Amount - Part E - Interest Rate Details 41 Interest Rate Type Fixed Interest Rate (%) <applicable on selecting "Fixed Interest Rate"> Benchmark Rate <applicable on selecting "Floating Interest Rate"> Spread <applicable on selecting "Floating Interest Rate"> 42 Floating Interest Rate Capor Floor Cap Rate <applicable on selecting "Yes"> Floor Rate <applicable on selecting "Yes"> - 43 First Interest Payment Date (YYYY-MM-DD) - - - 44 Number of Payments/Year - - - Part F - Other Charges Details 45 Upfront Fee Expected Date of Payment [YYYY-MM-DD) Currency Amount 46 Management Fee Expected Date of Payment [YYYY-MM-DD) Currency Amount 47 Commitment Fee (Fixed) Expected....
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.... E - Hedging Details Sr. No. Hedge Type Outstanding Principal Hedge Details Outstanding Interest Hedge Details Annualised Cost of Financial Hedge (%) - - - - - Outstanding Principal Hedged (5%) Hedge Effectiveness Range (From) Hedge Effectiveness Range [TO] Outstanding Interest Hedged (%) Hedge Effectiveness Range (From) Hedge Effectiveness Range (To) - - - Part F - Closure of LRN 1 Request for closure of LRN - - - - 2 Whether any principal, interest or current account payable is outstanding? If yes, reason for closure of LRN - - - 3 Whether all principal drawn-downs have been reported in Form ECB 2? - - - - 107 Form ECB 2 format changed vide A.P. (DIR Series) Circular No. 23 dated February 18, 2026. The returns shall be submitted using the file provided on the RBI website (List of Returns Submitted to RBI). 4 Whether all repayment of principal, interest and other current account payabales (including outststanding interest waived off, if - - - - any) have been duly reported in Form ECB 2? Part G - AD Comments 1 2 3 4 5 ] Part V: Annex III (Annex to A.P. (DIR Series) Circular No. 87 dated April 17, 2004) Form Trade Cr....
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....d found in order. 3. The drawal, utilization and repayment of all trade credits approved by our branches have been scrutinized and it is certified that such drawal, utilization and repayments of trade credits Part V: Annex IV (Annex to A.P.DIR Series circular No.24 dated November 01, 2004) [Omitted]108 108 Quarterly Reporting of Bank Guarantees related to Trade Credit discontinued vide A.P. (DIR Series) Circular No. 19 dated January 12, 2026 Part VI: Non-resident Foreign Accounts 1) Monthly statement on remittances made from NRO Accounts (Annex I): With a view to having access to more real time data, information on the details of remittances made by NRIs/ PIOs/ Foreign nationals out of the NRO accounts is collected on a monthly basis. AD - Category I banks are required to furnish the statement in the requisite format 109 through Centralised Information Management System (CIMS) (URL: https://sankalan.rbi.org.in) return code 'R006' named as 'Details of remittances made from NRO account' within 7 days of the end of the reporting month. 2) The accounts opened by an authorised dealer or an authorised bank in respect of individual/s of Banglade....
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.... property Other assets Transfers from NRO to NRE account Total Sale proceed s of immova ble property Other assets Transfers from NRO to NRE account Total 110 Inserted by A.P (DIR Series) Circular No. 67/2015-16/ [(1)/5(R)] dated May 5, 2016. Prior to insertion it read as: "A.P (DIR Series) Circular No. 106 dated February 18, 2014." Part VI: Annex II Monthly data on non-resident deposits Non-Resident Deposits - Comprehensive Single Return: Format for XBRL-based reporting system 1. Format of NRD-CSR No Column Description Type Position Remarks 1. Bank Code 7 N 1 to 7 Bank Working Code for XBRL (given by RBI) followed by zeros 2. Reporting period [of Stock & flows] 6 N 8 to 13 Month to which NRD data pertains (YYYYMM format) 3. Deposit_Scheme code 4 A 14 to 17 As per Code Box 1 4. Account Type 1 A 18 F for Fixed; R for Recurring; S for Savings; C for Current A/c 5. Original Maturity 1 N 19 As per Code Box 2 6. Remaining Maturity 1 N 20 As per Code Box 2 7. Country (SWIFT code) 2 A 21 to 22 SWIFT Country code 8. A/c Currency (SWIFT code) 3 A 23 to 25 SWIFT Currency code 9. Record_Type Code 2 A 26 to 27 As per Code Box 3 10. Record - Amount 15 N 28 to 42 Amoun....
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..... F 7 For FCNR (B) scheme, the valid Record types are FI, IR, PR, PA, IA, HI, PL, IL, TR and OB,CB, UC,AI,SB. F 8 For NRE scheme the valid Record types are FI, IR, PR, PA, IA, PL, IL, LW, TR and OB,CB,UC,AI,SB. F 9 For NRO scheme the valid Record types are FI, IR, PR, LI, PA, IA, PL, IL, LW, TR and OB,CB,UC,AI,SB. F 10 For FCNR (B) scheme the following consistency check shall be provided for each currency: CB = OB + INFLOWS (FI+IR+PR) - OUTFLOWS (PA+PL+TR) N 11 For NRE scheme the following consistency check shall be provided: CB = OB + INFLOWS(FI+IR+PR) - OUTFLOWS (PA+PL+TR+LW) N 12 For NRO scheme the following consistency check shall be provided: CB=OB + INFLOWS(FI+IR+PR+LI) - OUTFLOWS (PA+PL+TR+LW) N 13 For FCNR and NRE scheme, "Original Maturity" for term deposit cannot have "Maturity Code" value '1' [code box 2] F *Note: For any 'fatal error', system shall completely reject the file and record and for 'non-fatal' error, the system shall accept the record/ file and process. However, in both the cases errors will be thrown by the system for correction and submission of revised data. Part VII: Immovable Property Form IPI (Annex I): A p....
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....quired (b) Number and date of Reserve Bank's permission, if any 4 Date of acquisition of the immovable property 5 (a) How the immovable property was acquired i.e. whether by way of purchase or lease (b) Name, citizenship and address of the seller/ lessor (c) Amount of purchase price and sources of funds I/ We hereby declare that- 112 Modified with effect from July 2018. Prior to modification, read as "the Chief General Manager, Foreign Exchange Department, (Foreign Investment Division), Reserve Bank of India, Central Office, Mumbai - 400 001 113 Replaced "a Person of Indian Origin (PIO) with "an Overseas Citizen of India (OCI)" on account of issue of Notification No. FEMA 21(R)/2018 dated March 26, 2018. 114 Replaced "Notification No. FEMA 21/2000-RB dated May 3, 2000 with Notification No. FEMA 21(R)/2018 dated March 26, 2018 (a) the particulars given above are true and correct to the best of my/our knowledge and belief; (b) no portion of the said property has been leased /rented to, or is otherwise being allowed to be used by, any other party Encls: (Signature of Authorised official) Stamp Place: Name: Date: Designation: 115Part VIII: Overseas In....
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....on D Declaration furnished by the Indian entity/ resident individual, undertaking financial commitment Section E Certificate by the Statutory Auditors of the Indian entity (IE)/ group company Section F Details to be reported at the time of restructuring of the balance sheet of the foreign entity involving diminution in the total value of the outstanding dues towards the person resident in India on account of investment in equity and debt Section G Details to be reported at the time of disinvestment in the foreign entity by way of sale or transfer of equity capital/ buyback of equity capital/ closure/ liquidation/ winding up/ merger/ amalgamation 4. Form APR (Annex II): This form captures the change in the share-holding pattern, financial position of the foreign entity, repatriation from the foreign entity and details of step-down subsidiaries. 5. Form OPI (Annex III): This form has subsumed the erstwhile form for portfolio reporting as provided for listed Indian companies, Mutual Fund (MF), Alternative Investment Fund (AIF)/ Venture Capital Fund (VCF) and Employee Stock Ownership Plan (ESOP) reporting. The form has the following sections. Section A Details of the Indian....
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....o effect immediately. The revised forms can also be downloaded from the Reserve Bank's website viz. www.rbi.org.in. 9. It may be noted that as per Regulation 11(1) of OI Regulations, in case a person resident in India does not submit the evidence of investment within the time specified under Regulation 9(1) of OI Regulations or does not make any filing within the time specified under Regulation 10 of OI Regulations, such person may make such submission or filing along with Late Submission Fee (LSF) within such period as may be advised. However, such facility can be availed within a maximum period of 3 years from the due date of such submission or filing. 10. In terms of Regulation 11(2) of OI Regulations, in case a person resident in India responsible for submitting the evidence of equity investment or any filing relating to overseas investment in accordance with the Act or regulations made thereunder before the date of publication of OI Regulations in the Official Gazette, who has not made or did not make such submission or filing within the time specified thereunder, may make such submission or filing along with LSF or make payment of LSF where such submission or fi....
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....s of IE/ RI/ Trust/ Society vii City viii State ix PIN code x Net worth in INR as on last audited balance sheet of the IE (In case of reporting of guarantee by a group company, the Net worth of such group company shall be reported) Note: Please refer to Regulation 5(2) of OI Regulations, in case of a guarantee extended by a group company. xi Sum of the Financial Commitment (FC) w.r.t. all foreign entities of the IE/ RI/ group company/ Trust/ Society made until the date of the current transaction and FC being undertaken currently Note: For computing the INR equivalent of the current FC the exchange rate as on date of current transaction or date of reporting, whichever is earlier, may be used. in Foreign Currency (FCY) in INR xii Contact Person xiii Designation of the contact person xiv Telephone Number XV Mobile Number xvi E-mail ID IV Status of IE/ RI/ Trust/ Society: (Please tick appropriate category) i. Public Sector Company vi. Society ii. Private Sector Company vii. LLP iii. Individual viii. Others (please specify) iV. Registered Partnership V. Trust V Whether the IE/ RI/ group company/ Trust/ Society or undertaking disinvestment is under Investigation/....
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....ent amount and date of investment (if any): iv Legal Entity Identifier (LEI) of the SDS v Type of SDS (SPV/ holding company/ operating/ operating cum holding) vi Activity code of SDS as per 1987 and 2008 NIC code vii % stake held by the parent in the SDS FORM FC: Section C Details of transaction/ remittance/ Financial Commitment (FC) of the person resident in India Indicate 13-digit Unique Identification Number (UIN) issued by Reserve Bank (if applicable) S. No Method or source of investments Category of investments Other details Date Amount 1 Banking channel Equity capital Loan Guarantee invoked 2 ECB Equity capital Loan Guarantee invoked 3 ADR Equity capital Loan Guarantee invoked 4 GDR Equity capital Loan Guarantee invoked 5 Swap of securities Equity capital 6 Capitalization - exports Equity capital 7 Capitalization - others @ (specify) Equity capital 8 Others - fund based (please specify) (e.g., acquisition by way of exercise of Rights) Equity capital Loan 9 Corporate or personal guarantee issued Corporate guarantee by Indian Entity (IE) Personal guarantee Corpora te guarant ee by Issue date Validity date third party 10 Performance gu....
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....m that the remittance/transaction of (amount to be given in both in FCY and INR) towards (equity/ loan/ guarantee/ non-fund based commitment) is in accordance with the provisions contained in the FEMA, 1999, OI Rules, OI Regulations and the directions issued by the Reserve Bank from time to time. We are satisfied with the bona fides of the transaction in terms of the provisions contained in Sub-section 5 of Section 10 of FEMA, 1999. Signature of authorized official of AD bank Name & designation of the Authorized Official of AD bank Date Email FORM FC: Section D Declaration by the Indian entity (IE)/ Resident Individual (RI) (Strike out whichever is not applicable) (a) I/ We have an account appearing as Non-Performing Asset (NPA)/wilful defaulter, or am/ are under investigation by a financial sector regulator, or am/ are under investigation by investigative agencies in India, viz., Central Bureau of Investigation or Directorate of Enforcement or Serious Frauds Investigation Office Accordingly, i. NOC has been obtained & enclosed herewith as prescribed under Rule 10 of the OI Rules, or ii. The lender bank(s)/regulatory body/investigative agency concerned failed t....
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....ed July 7, 2004, as amended from time to time FORM FC: Section E Certificate by the Statutory Auditors of the Indian Entity (IE)/ Group Company, as applicable (Strike out whichever is not applicable) It is certified that the terms and conditions contained in OI Rules and OI Regulations have been complied with by the Indian Entity/ Group Company, as applicable, (Name of the Indian Entity/ Group Company) in respect of the investment under report. In particular, it is certified that (strike out whichever is not applicable): i. The investment is not in violation of the provisions contained in Rule 19 of Foreign Exchange Management (Overseas Investment) Rules, 2022 or corresponding extant Regulations in case where the transaction has been done under the earlier overseas investment framework ** , as stipulated by the Reserve Bank from time to time. ii. The NOC as required in terms of Rule 10 of Foreign Exchange Management (Overseas Investment) Rules, 2022 has been obtained, wherever applicable. iii. The remittance/transaction amount towards the investment together with earlier Financial Commitment is within the limit as stipulated by the Reserve Bank from time to time. The....
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....on No.FEMA.120/RB-2004 dated July 7, 2004, as amended from time to time Signature of the Statutory Auditors of the Indian entity Place Date Telephone No. Email Form FC-Section F Reporting of restructuring of the balance sheet of the foreign entity involving diminution in the total value of the outstanding dues towards person resident in India on account of investment in equity and debt Note: All amounts should be in a single foreign currency and in actuals 13 digit Unique Identification Number allotted by the Reserve Bank Name, AD Code and branch of the designated AD bank S. No. Particulars I PAN and Name of the Indian Entity (IE) II Name of the foreign entity III % Stake held by IE in the foreign entity IV Total amount of Financial Commitment undertaken by IE in this UIN till date a) Equity b) Debt c) Guarantee/ other non-fund based commitment V Total accumulated losses (based on latest audited financial statements) VI Proportionate amount of accumulated losses based on share of the IE VII Date of restructuring VIII Total outstanding dues towards the IE as on date of restructuring IX Amount of diminution in the total value of the outstanding....
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....sure/voluntary liquidation/winding up/merger /amalgamation Note: All amounts should be in a single foreign currency and in actuals 13 digit Unique Identification Number (UIN) allotted by the Reserve Bank Name, AD Code and branch of the designated AD bank S.No. Particulars of transaction I Date of submission of last APR and period to which last APR relates II Disinvestment route(tick) Approval Route Automatic Route III Disinvestment type (tick) Full disinvestment Partial Disinvestment IV Date of disinvestment V PAN and name of the disinvesting person resident in India VI % Stake held at the time of disinvestment % stake disinvested in case of partial disinvestment VII Method of disinvestment Details to be furnished as Annex to the Form FC Section G along with relevant documentary evidence (Please strike out whichever method is not applicable) i. Sale or transfer of equity capital to another person resident in India/ foreign partner/ Individual or merger/ liquidation of IE Furnish the details of the entity buying the stake and whether the entity purchasing the stake is an existing foreign partner/ Indian partner in the foreign entity or a foreign party/ person resi....
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....petent authority as per the laws in India and/or the host country/jurisdiction, as the case may be (c) the transferor, in case of full disinvestment other than by way of liquidation, does not have any dues outstanding for receipt, which the transferor is entitled to receive from the foreign entity as an investor in equity capital and debt. (d) the transferor has stayed invested for at least a year from the date of making ODI. (e) All the remittances/ transactions have been reported to Reserve Bank and it reconciles with the remittances / transaction details reported to the Reserve Bank. Date of remittance /transaction Method of investment Category of investment Amount Equity Loan Others (please specify) Equity Loan Others (please specify) Equity Loan Guarantees issued/ other non-fund based financial commitment Guarantee invoked/ Other fund based financial commitment (f) All the guarantees issued on behalf of the foreign entity and its SDS are either novated to another entity or the guarantees are closed. (g) In case any SDS has become the direct foreign entity as a result of disinvestment in the foreign entity then it is certified that relevant sectio....
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.... guarantee must be reported in Form FC. 7) Along with Section A and B of Form FC only the relevant section(s), as applicable, may be submitted. For undertaking financial commitment, including roll-over and conversion of loan to equity, transaction details in Section C, declaration by the Indian entity/resident individual in Section D and certificate by the Statutory Auditors of the Indian entity /group company, as the case may be, in Section E shall be submitted. 8) While undertaking remittance towards acquisition of equity capital on deferred payment basis, where Form FC was already submitted with duly filled Sections D & E, as non-fund based commitment, these Sections may not be furnished again. A copy of the earlier furnished Form FC may be submitted to AD for reference. 9) For subsequent remittances, Section A and B may not be filled unless there is any change in the details of the person resident in India/ foreign entity/ SDS/ capital structure submitted at the time of reporting of previous Form FC. 10) In case of issuance of guarantee by a group company, it shall be counted towards the utilization of its financial commitment limit independently and if such group c....
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....ach page of the Form FC should be duly signed and stamped with date by the person resident in India submitting the same. 23) Reserve Bank reserves the right to put the information furnished here in the public domain. Annex II ANNUAL PERFORMANCE REPORT (APR) Note: all amounts should be in actuals. All the figures should be in a single foreign currency (FCY) I APR for the period From date To D at e Unique Identification Number (UIN) Capital structure as on the last day of the accounting year of the foreign entity Amount % share i) Indian ii) Foreign Whether the Indian Entity (IE)/ Resident Individual (RI)/ Trust/ Society has control in the foreign entity Change in the share holding pattern during the reporting year (Furnish the updated share holding pattern, if applicable, in the foreign entity) Person resident in India % Stake Foreign partner(s) % Stak e (1) (1) (2) (2) (3) (3) Financial Position of the foreign entity for the last two years Previous Year Current Year i) Net Profit/ (Loss) ii) Dividend iii) Net worth Repatriation from the foreign entity Current Year Since commencement of business (i) ....
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....seas investment framework ** as stipulated by the Reserve Bank from time to time. iv. The previous APRs for the foreign entity under this UIN, have been filed. V. Repatriated to India, all dues receivable from the foreign entity under this UIN, as required under Regulation 9 (4) of OI Regulations or corresponding extant Regulations in case where the reporting is being done under the earlier overseas investment framework ** as stipulated by the Reserve Bank from time to time. vi. i. I/ We hereby certify that the information furnished above are true and correct. I/We also duly acknowledge that if any information furnished by me/us is found to be false and/or incorrect, it shall be construed that the reporting requirements under FEMA, 1999 have not been complied with. Signature of the authorized official of the IE approved by the Board/ RI Name & Designation of the Authorized Official of the IE/ RI Place Telephone No. Date Email Certificate of the Statutory Auditor (in case of Indian entity) / Chartered Accountant in case of resident individuals (strike out whichever is not applicable) We hereby certify that: i. APR for the year ended is prepared on the basis....
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....ent of the equity capital without control in the foreign entity and there is no other financial commitment other than by way of equity capital. (ii) When the foreign entity is under liquidation, from the date of initiation of the liquidation process. (iii) For the broken period (i.e. full year not completed) at the time of disinvestment. However, the details of transactions if any that had been undertaken during the time from the date of submission of the last APR till the date of disinvestment/initiation of liquidation process may be duly reported in the Form FC. 3) The APR shall be based on the audited financial statements of the foreign entity. Where the person resident in India does not have 'control' in the foreign entity and the laws of the host jurisdiction does not provide for mandatory auditing of the books of accounts, the APR may be submitted based on unaudited financial statements certified as such by the statutory auditor of the Indian entity or by a chartered accountant where the statutory audit is not applicable including in case of resident individuals. 4) In case more than one person resident in India have made ODI in the same foreign entity, ....
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.... strategic sector. The investee entities of the foreign entity where such foreign entity does not have control may not be treated as SDSs and therefore may not be reported. 14) In case of Para XII (vi), if the SDS is engaged in the activity of financial services, the investment shall be in compliance to the provisions contained in Para 2 of Schedule I of OI rules. 15) The activity code as per NIC 1987 and NIC 2008 shall be furnished. 16) The date may be mentioned in format DD/MM/YYYY format. 17) The name of the foreign currency (FCY) shall be indicated as per SWIFT code 18) Each page of the Form FC should be duly signed and stamped with date by the person resident in India submitting the same. 19) All amounts of foreign currency (FCY) and Indian Rupees (INR) should be in actuals only. Annex III FORM OPI: Section A (For the half year ended March/ September) Note: To be filed by a person resident in India, other than a resident individual, making any Overseas Portfolio Investment (OPI) or transferring such investment during the reporting period (Only relevant sections of this form, as applicable, may be used) All amounts should be in actuals I Name an....
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.... Sale/ disinvested* Closing balance Remittance from India Repatriatio n to India USD INR USD INR USD INR USD INR USD INR USD INR i Equity ii Debt Instruments iii ADR/GDR iv ETF (Securities) v Mutual Funds vi Others (Specify) Total (C) * The disinvestment amount should correspond to the actual investment amount made and not the sale/market value on which disinvestment took place Form OPI: Section B Reporting of the Overseas Portfolio Investment (OPI) by Venture Capital Fund (VCF)/ Alternate Investment Fund (AIF) I Particulars of the Indian entity/ resident individual (RI) who has promoted/ invested in VCF/ AIF (Attach Separate sheet if there are multiple Indian entities/ RIs) i. Name of the Indian entity/ RI ii LEI of Indian entity iii. PAN iv. Group to which the entity belongs V. .Activity code of the Indian entity (1987 NIC code at 3-digit level) (2008 NIC code at 5- digit level) vi.Address of the Indian entity/ RI vii. City viii. State ix PIN code x. Name of the contact person xi Designation of the contact person xii. Telephone No. xiii. Mobile No. of the contact person xiv. Fax No. XV Email II Particulars of the Indian Company/ RI who manage....
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....y. Part IX: Trade 1) Exports (a) EDF Form (Annex I): Export Declaration Form (EDF) is used to declare export of goods from Non-EDI ports. (b) Softex form (Annex II): All software exporters are required to file single as well as bulk SOFTEX form in excel format to the competent authority for certification. (c) Advance Payments against 116Long term Exports 117(Annex III): AD Category- I banks can also allow exporters having a minimum of three years' satisfactory track record to receive long term export advance up to a maximum tenor of 10 years to be utilized for execution of long term supply contracts for export of goods subject to conditions specified. Receipt of such advance of USD 100 million or more should be immediately intimated to the Trade Division, Foreign Exchange Department, Central Office, Reserve Bank of India. (d) AD Category -I banks are advised to efficiently follow up with the concerned exporters in order to ensure that export performance (shipments in case of export of goods) is completed within the stipulated time period. It is further reiterated that AD category -I banks should exercise proper due diligence and ensure compliance with KYC and....
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....ce, it has been decided to permit AD Category-I banks to offer the facility of receipt/payment of/for export proceeds/imports by entering into standing arrangements with the OPGSPs. AD Category-I banks desirous of entering into such an arrangement/s should report the details of each such arrangement as and when entered into to the Foreign Exchange Department, Central Office, Reserve Bank of India, Mumbai. 120 Inserted vide AP (DIR Series) Circular No.74 dated May 26, 2016 with effect from June 15, 2016. Prior to insertion it read as "and old outstanding shipping bills prior to March 01, 2014 should continue to be reported in XOS till completion of the cycle" Part IX: Annex I Export Declaration Form 2. General Information: Customs Security No .: Form No: Nature of Cargo: [ ] Government ] Non-Government Shipping Bill No. & Date: Mode of Transport: ] | Air [ ] Land [ ] Sea [ ] Post/Couriers [ ] others Category of Exporter: [ ] Custom (DTA units) [ ] SEZ [ ] Status holder exporters [ ] 100% EOU [ ] Warehouse export [ ] others (Specify) RBI approval no. & date, if any: IE Code: AD code: Exporters Name & Address: AD Name & Address: Consignee&#....
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....pplicable. SEZs * Unit declared Value in case of exports affected from Part IX: Annex II Format of Softex Forms submitted in bulk for royalty receipt Summary Sheet Section A Name and address of Exporter IEC Code. Letter of Permission (LOP) No.(STP/EHTP/SEZ/EPZ/100% EOU/DTA Unit) Date of LOP issued Name of Authorised Datacom Service Provider STPI/SEZ centre Name and address of Authorised Dealer/Bank Authorized Dealer Code Section - B List of Invoices for offshore export value through datacom link Details of invoices for Royalty on software Packages/ products exported during the Period raised from to Sl N o SOF TEX No Name of Client Add ress of Clie nt Cou ntry Curr ency Invoi ce Num ber Invoice Date (DD/MM /YYYY) Unique Internal Project code/Co ntract/ Agreem ent/PO Date Offs hore Exp ort valu e in Inovi ce curr ency Type of softw are Expo rted Details of Software Packages / Products exported Mo de of real isat ion of Ro yalt y val ue Cal cul atio n of Ro yalt y am oun t GR/SDF /PP/SOF TEX /EDF Form No. on which exports were declared Date of Exp ort Royalty agreement details % age and amou nt of royalt y Period of Royalty agre....
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.... are true and that the value to be received from the buyer represents the export value contracted and declared above. I/ We@ also declare that the software has been developed and exported by using Authorised and legitimate datacom link and certified that the software described above was actually transmitted. I/ We@ undertake that I/ we@ will deliver to the authorised dealer bank named above the foreign exchange representing the full value of the software exported as above on or before (i.e. within the period of realisation stipulated by RBI from time to time) in the manner specified in the Regulations made under the Foreign Exchange Management Act, 1999. I/ We @ am/ are not in the Caution List of the Reserve Bank of India. (Signature of Exporter) Space for use of the competent authority in STPI/EPZ/SEZ Certified, on the basis of above declaration by the SEZ/ STPI unit, that the software described above and the export value declared by the exporter in this form is as per the corresponding invoice/gist of invoices submitted and declared by the Unit. Designation @ Strike out whichever is not applicable (Signature of the Designated/ Authorised Official of STPI/EPZ/SEZ....
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....a with which the foreign currency account is to be maintained/which will monitor the account, to the Office of Reserve Bank under whose jurisdiction the exporter is located. 2. Before forwarding the application to Reserve Bank, authorised dealers should properly scrutinize it to ensure that it is complete in all respects. Documentation: 3. Exporter's declaration duly certified by his auditors, indicating export bills realized during the preceding 3 years and the export bills outstanding beyond the due date. 4. Auditor's certificate giving country-wise break-up of imports made during the preceding 3 years. 5. Certified copies of a letter from overseas bank indicating terms & conditions of the loan/overdraft/line of credit facilities offered. 6. Certified copies of Reserve Bank's approval in respect of foreign currency loans raised giving their maturity patterns. 1. Name and address of the Exporter 2. Importer-exporter's code number 3. Name and address of the bank/ branch with which foreign currency account is proposed to be maintained. 4. In case the account is to be maintained with a bank out-side India, name and address of the branch of ....
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....mit the following returns under Bank's CIMS portal (URL: https://sankalan.rbi.org.in) - (i) 125Return code 'R133' named as 'Import of gold by EOUs, units in SEZ/EPZ and nominated agencies (HY)' on half yearly basis (end March/ end September), showing the quantity and value of gold imported by the nominated banks/ agencies/ EOUs/ SEZs in Gem & Jewellery Sector, mode of payment-wise. (Annex VI). (ii) 126Return code 'R132' named as 'Import of gold by EOUs, units in SEZ/EPZ and nominated agencies (M)' on monthly basis showing the quantity and value of gold imports by the nominated agencies (other than the nominated banks)/ EOUs/ SEZs in Gem & Jewellery sector during the month under report as well as the cumulative position as at the end of the said month beginning from the 1st month of the Financial Year. (Annex VII). Both the returns shall be submitted, even if there is 'Nil' position, by the 10th of the following month / half year, to which it relates. 124 Inserted vide A.P.(DIR Series) Circular No. 09 dated December 22, 2023 125 Inserted vide A.P.(DIR Series) Circular No. 09 dated December 22, 2023 126 Inserted vid....
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....anks / Agencies EOU/SEZ Nominated Banks/ Agencies EOU/SEZ (i) Delivery against payment basis (ii) Suppliers Credit basis (iii) Consignment basis (iv) Unfixed Price basis Note: Full details of individual transactions may be provided in cases where the aggregate value of import exceeds USD 50 million in respect of a single importer Part IX: Annex VII Return Code - R132 - Import of gold by EOUs, units in SEZ/EPZ and nominated agencies (M) Name of the AD bank: Data for import of the gold by non-bank nominated /other agencies for the month of during the FY Sr. No. Name of the nominated agencies For the current month Up to the current month for the FY Remarks, if any Quantity in Kg Value in USD Quantity in Kg Value in USD I. Import of Gold by non-bank nominated agencies 1 2 3 4 5 Sub-total II. Import of gold by EOUs in Gems & Jewellery Sector 1 2 3 Sub-total Il. Import of gold by SEZs in Gems & Jewellery Sector 1 2 3 Sub- total Grand Total Part IX: Annex VIII Statement on default in Merchanting Trade Transactions (MTT) for the half year ended 30th June/31st December 20 .... Name and Address of the Bank: Sr. No AD Co....
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....2For each guarantee issuance, reported through 'Form GRN Issue', the authorised dealer bank shall provide a unique Guarantee Transaction Number before submission of the return to the Reserve Bank in the manner provided in the operational guidelines. 130 Inserted vide Foreign Exchange Management (Guarantees) Regulations, 2026. 131 Substituted vide A.P.(DIR Series) Circular No. 01 dated April 01, 2026. Prior to substitution it read as, 'An authorised dealer bank shall submit the returns received under this regulation to the Reserve Bank of India in the manner and format advised for this purpose within thirty calendar days from the end of the respective quarter'. 132 Inserted vide A.P.(DIR Series) Circular No. 01 dated April 01, 2026. Form - GRN (See regulation 7) (For the quarter ended March/June/September/December of the calendar year ) Part A: Details of the reporting party Name * PAN * LEI CIN Part B: Reporting of guarantees issued (Fill separate Part B for each guarantee) 5. Details of the Surety i. Name * ii. PAN iii. LEI iv. CIN V. Residential status * resident /non-resident vi. Relationship between surety and the prin....
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....he Authorised Official Place Date Telephone No. Email List of enclosures Instructions for filling up the form 1) The form is required to be submitted to the authorised dealer bank by the person resident in India with the reporting obligation under regulation 7 of these regulations. 2) Part A and B shall be submitted for issuance of guarantee. Any subsequent change or invocation of guarantee shall be reported by filling Part A and Part C or D, as the case may be. For any given part, fields marked with asterisk (* ) are mandatory. All other fields such as LEI, CIN, PAN of parties other than reporting party, shall be filled wherever details are available. NIC Code shall be reported till 2-digit as per NIC 2025. 3) In case of more than one surety/ principal debtor/ creditor to the same guarantee, any of them can be designated to report that guarantee. 4) Any change in guarantee conditions of the guarantee reported in the previous period or its closure shall be reported along with the transaction number. Change of guarantees issued prior to coming into effect of these regulations shall be reported as fresh issuance of guarantee from the date of modification. 5) In....
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....05 dated June 09, 2022. Part XI: Compounding: The compounding of contraventions under Foreign Exchange Management Act (FEMA), 1999 is a voluntary process by which an applicant can seek compounding of an admitted contravention of any provision of FEMA, 1999 under Section 13(1) of the FEMA, 1999. The Forms prescribed are given below: 1) The format of the application (Annex-I). 2) The details of irregularities whether relating to Foreign Direct Investment, External Commercial Borrowings, Overseas Direct Investment and Branch Office/ Liaison Office, as applicable (Annex-II). 3) Undertaking that the applicant is not under investigation of any agency such as DOE, CBI, etc. in order to complete the compounding process within the time frame (Annex-III) 4) Mandate and details of their bank account (Annex IV): In case the application has to be returned for any reason, the application fees of Rs.5000/- received along with the application fees is also returned. To expedite the refund of compounding fees in such cases, it has been decided to credit the same to the applicant's account through NEFT requiring the obtaining of a mandate. Part XI: Annex I Format of Ap....
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....heet during the period of receipt of share application money . and allotment of shares · Nature of contravention and reasons for the contravention Details to be furnished along with application for compounding of contravention relating to External Commercial Borrowing . Name of the applicant · Date of incorporation . Income-tax PAN · Nature of activities undertaken (Please give NIC code - 1987) · Brief particulars about the foreign lender · Is the applicant an eligible borrower? · Is the lender eligible lender? · Is the lender an equity holder? · What is the level of his holding at the time of loan agreement? · Details of ECB · Date of Loan agreement · Amount in Foreign Currency and Indian Rupee · Rate of interest · Period of loan · Repayment particulars Date of draw down Amount in Foreign Currency Amount in INR · Details of draw down . Details of LRN Number- application and receipt · Details of ECB 2 returns submitted; Period of return: Date of submission . Details of Utilization of ECB in Foreign Currency and Indian Rupee · Nature of contravention and r....
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....on by any agency such as Directorate of Enforcement, CBI etc. and the details are given in the Annex. I/We further undertake and confirm that no appeal has been filed by me/us under section 17 or section 19 of FEMA, 1999. (* Strike out one) Signature of the authorised signatory Part XI: Annex IV ELECTRONIC CLEARING SERVICE (ECS) MANDATE FORM 1. Name of the Party (Beneficiary) - 2. PAN 3. Particulars of the Bank Account - A. Name of the Bank - B. Name of the Branch - Address: Telephone No: C. Type of Account - SAVINGS / CURRENT D. Account No. - (as appearing on the cheque book issued by the Bank) E. The 9 Digit MICR Code Number - (as appearing on the cheque book issued by the Bank) F. IFSC Code (as appearing on the cheque book issued by the Bank) - 4. Checklist for Attachments: Photocopy of PAN Card Photocopy of a cancelled blank cheque 5. I/We hereby declare that the particulars given above are correct and complete. If the transaction is delayed or not effected at all for reasons of incomplete or incorrect information, I/We would not hold the user institution responsible. Signature of the Authorised Signatory (Name o....
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....and handling customer grievances 14. Confidential report from the applicant's banks in CIR format 15. Copy of the latest audited Balance Sheet and Profit & Loss Account for the last three years along with a certificate from the Statutory Auditor certifying the NBFC's Net Owned Funds (NOF) as on the date of application. 16. A declaration to the effect that no proceedings have been initiated by / are pending with the Directorate of Enforcement (DoE) / Directorate of Revenue Intelligence (DRI)/ or any other law enforcing authorities, against the applicant company or its directors and that no criminal cases are initiated / pending against the applicant company or its directors. 17. A declaration to the effect that proper policy framework on KYC / AML / CFT, in accordance with the guidelines issued by Reserve Bank of India, Department of Banking Regulation, Central Office as referred to in their 'Master Direction - Know Your Customer (KYC) Direction, 2016' and other instructions in this regard so far and from time to time in future, mutatis mutandis, applicable to Authorised Persons under FEMA, shall be put in place on obtaining Reserve Bank's approval, an....
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.... the applicant subsequently approaches for payment of LSF for the same delayed reporting, the date of receipt of such application shall be treated as the reference date for the purpose of calculation of "n". f) The facility for opting for LSF shall be available up to three years from the due date of reporting/ submission. The option of LSF shall also be available for delayed reporting/submissions under the Notification No. FEMA 120/2004-RB and earlier corresponding regulations, up to three years from the date of notification of Foreign Exchange Management (Overseas Investment) Regulations, 2022. g) In case a person responsible for any submission or filing under the provisions of FEMA, neither makes such submission/filing within the specified time nor makes such submission/filing along with LSF, such person shall be liable for penal action under the provisions of FEMA, 1999. 2. In case the return (whether in physical or electronic form) is incomplete then the delay will continue till such time the return is received complete in all respects. 3. The applicant cannot claim a refund in any manner for the amount already deposited as LSF. 4. The AD banks are required to en....