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TaxTMI 
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Reporting under Foreign Exchange Management Act, 1999 (Updated as on April 01, 2026)
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....ated 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 are consolidated under this Master Direction. 3. The Master Direction will be updated from time to time as and wh....
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....(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 travellers' cheques to the public in form FLM 5 (Annex-VII). 4 (vi) Register of sales of foreign currency notes / coins to authorized dealers / Full Fledged Money Changers / overseas banks in form FLM 6 (Annex-VIII). (vii) Register of travellers' cheques surrendered to authorized dealers / authorized money changers / exported in form FLM 7 (Annex-IX). (viii)....
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.... We undertake that in the conduct of money changing business, we shall at all times abide by the rules/ regulations/ orders/ directions/ notifications which Reserve Bank may from time to time issue in this behalf. Place: Signature of the applicant with seal Date: Enclosures: 1. Bankers' confidential Report 2. Attested copies of audited accounts for the past 3 years. Note: Single branch FFMCs shall have Net Owned Funds not less than Rs.25 lakh while FFMCs intending to operate through more than one branch will have to maintain Net Owned Funds not less than Rs.50 lakh. 7 Part I: Annex-II Form RMC-F 1. Name of the AD/ FFMC 2. Name and address of the franchisee Details of locations (i) (ii) (iii) Etc. 3. Existing business activity of the franchisee 4. Net Owned Funds 5. Shop & Establishment/ other applicable municipal certification in favour of the franchisee 6. Conduct certificate of the franchisee from the local police authorities. (certified copy of Memorandum and Articles of Association and Certificate of Incorporation in respect of incorporated entities) 7. Declaration regarding past criminal case, if any, cases in....
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..... Japanese Yen Others (Pl. specify) Rate Rupee Equivalent Encashment certificate No. and date Remarks 9. 10. 11. 12. 13. 14. NOTES:(1) If the money-changer is dealing in a large number of currencies, two or more registers currency-wise or otherwise may be maintained, as convenient. (2) If traveller cheques are purchased, the prefix, "TC" may be indicated in the amount column. (3) If more than one currency is purchased from the same tenderer, separate entries may be made. Date: Name: Designation: 11 Part I: Annex-VI FLM 4 Register of purchases of foreign currency notes/ coins from Authorised dealers and authorised money-changers Date Sl. No. Name and address of the authorised dealer/ authorised money-changers from whom purchased Currency Amount Rate Rupee equivalent Remarks 1. 2. 3. 4. 5. 6. 7. 8. Date: Name: Designation: 12 Part I: Annex-VII FLM 5 Register of sales of foreign currencies to the public Date Sl No Name of the tenderer Nationality & Full Address Details of Identification Document Name of the sponsoring Organisation Country/ ies of visit Purpose of visit Duration of stay abroad (No. of days) 1 2 3 4 5 ....
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.... Date: Stamp Name: Designation: 16 FLM 8 (For ADs Category-II) Summary statement of purchases and sales of foreign currency notes during the month of RBI Licence No. Name and address of the Authorised Dealer Category-Il USD GBP EURO JPY Others (Specify) A. Opening balance Purchases of foreign currency notes from (a) Public (b) RMCs/FFMCs/ADs including imports. (c) Agents/Franchisees B. Total Purchases (a) + (b) + (c) Sales of foreign currency notes Under (with purpose codes) (a) (i) BTQ /(ii) Private Visits (S0302) (b) (i) Business Visits/(ii) Business Travel (S0301) (c) Remittance by tour operators / travel agents to overseas agents / principals / hotels(S0306) (d) Film shooting(S1101) (e) Medical Treatment abroad(S0304) (f) Disbursement of crew wages(S1401) (g) Overseas Education(S0305) (h) (i)Fee for participation in global conferences and specialized training / (ii) Remittance for participation in international events / competitions (towards 17 training, sponsorship and prize money)/ (iii) Remittance under educational tie up arrangements with universities abroad/(iv) Remittance towards fees for examinations he....
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.... ADs Maximum balance maintained on any day in the foreign currency account during the quarter Closing balance in the Foreign Currency Account Remarks 1. 2. 3. 4. 5. 6. 7. 8. Certified that the above particulars are correct as per our records. Name and address of the AD Category - I Signature of Authorized Official of the AD Category - I with Seal 20 Part I: Annex- XIII Statement of the amount of foreign currency written off during the financial year ended Name of the FFMC/ AD Category-II: A. Total amount written-off (in equivalent USD): B. Details of the amount written-off: Sl. No. Date of write-off Amount of foreign currency (with currency- wise break-up) On account of * Approved by FFMC/AD Category-II/ Reserve Bank 1. 2. 3. 4. 5. Total: * Please indicate whether on account of being found to be fake or forged/ theft/ lost in transit, etc. Signature of Authorized Official with Seal 21 Part I: Annex XIV Proforma Information about New Directors / Change of Directors of the FFMC / non-bank AD Category - II 1. Name 2. Designation 3. Nationality 4. Age 5. Business Address 6. Residential Address 7. Educati....
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.... brought to the notice of the concerned FED ROs. Further, Indian Agents should confirm the veracity, on quarterly basis, of the list placed on RBI website to their respective FED ROs, either in form of a letter or by email, within 15 days from the end of a quarter. b. List of additional locations: 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, on quarterly basis, within 15 days from the close of the quarter to which it relates. c. Quarterly statement of the quantum of remittances received (Annex XVI): To be submitted by the Indian Agents 4through Centralised Information Management System (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. 3 Inserted vide A.P. (DIR Series) Circular No. 01 dated April 06, 2023. 4 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)" 23 d. Half-yearly st....
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....dual/ entity that owns beneficial interest in the company. Signature of Chartered Accountant Signature of Managing Director Date: Place: 25 Part I: Annex XV a List of Certified copies of Documents to be submitted 1. Certificate of Incorporation 2. Memorandum (up-to-date) and Articles of Association 3. Board resolution for conducting money transfer activities, submission of application and its contents including authorization of an official to make the application. 4. Details of associates, group companies, etc. 5. PAN Card/s of the Director/s. 6. Bank Account details and sealed confidential reports from 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 certifi....
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....ndia the Rupee vostro accounts of those non-resident Exchange Houses. b. Statement A (Annex XIX): This monthly Exchange House-wise statement is designed to elicit details of operations in Rupee/ foreign currency vostro accounts of Exchange Houses. This statement should be critically examined to ascertain whether funds held in the account are adequate to cover estimated pipeline debits. The Top Management of the ADs Category-I may work out the pipeline data and set their own limits and the adherence to the limits set should be informed to the 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 accoun....
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....pproval by RBI and opening of the vostro accounts (b) dates of termination of Drawing Arrangements, if any (including Drawing Arrangements which could not be concluded), and (c) number of drawee branches under each arrangement should be included. Note: Authorised Dealer Category I banks 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. 8 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)" 30 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 In....
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....ny with EH(s) pending settlement (i) Name of EH (ii) Expected amount of loss (iii) Particulars of loss (iv) Ref. No. & dated of report lodged with RBI 6. Furnish an EH-wise summary of the major irregularities observed in the existing drawing arrangements during inspections by Internal Auditors, RBI Inspectors as also Overseas Auditors indicating the corrective measures initiated by the bank. Part II- Particulars of the Exchange House for the proposed drawing arrangement 1(a) Name and address of the Exchange House with which the bank proposes 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 ....
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....i) We have put in place adequate internal control and risk management system which are working satisfactorily. (iv) The particulars given above are true and correct to the best of our knowledge and belief. General Manager ) ( Address Place Date 34 Part I: Annex XIX Statement A Name of the Authorised Dealer Category-I: Full address: Name of the Exchange House: Particulars of operations in the account in the month of 1. Opening balance in the account (Cr/Dr) at the start of : 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 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 : Date Amount of ....
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....ons in the accounts which are still operated are explained separately in the annexure under title name of each Exchange House (An explanatory remark sheet may be attached for the purpose). (d) The following accounts reflected above were closed during the month under review. Chief Account Maintaining Branch Manager of Statement countersigned certifying that all the accounts reported above are under the concerned Exchange Houses have been duly suspended and closure of the accounts is being followed up General Manager-in-Charge of International Division/ International Operations in the AD Category-I 37 Part I: Annex XXI Statement C Monthly 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. 38 Part I: Annex XXII Statement D Name....
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....eceleration (-) between last quarter and the quarter under report (%) Out flow foreign currency (amount) Jan- Mar April- June Jul- Sept. Oct- Dec 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Note: (a) In column (5) to (8) inflows during the relevant quarter may be shown for the period beginning from the month of January each year. Just below these figures, please furnish in brackets data for the corresponding period of the previous year. The data in respect of Drawing Arrangements should cover inflow of funds both through RDA and Foreign Currency Drawing Arrangement. (b) Foreign currency should be shown in US dollars only. (c) Furnish amount (+) or (-) accompanied by an expression in percentage 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. from the (e) Please attach separate sheets furnishing details of deviations 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 ....
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.... 'Nil' report. 14 Authorised Persons may use the following purpose codes while reporting transactions under LRS 15: Sr. No. Items under LRS Corresponding FETERS purpose codes, if transaction is identified under LRS 1 Opening of foreign currency account abroad with a bank under LRS S0023 2 Purchase of immovable property S0005 3 Investment in equity, debt, JV, WoS, ESOPs, IDRs S0001, S0002, S0003, S0004, S0021, S0022 4 Gift S1302 5 Donations S1303 6 Travel (business, pilgrimage, medical treatment, education, employment, personal) S0301, S0303, S0304, S0305 & S0306 7 Maintenance of close relatives S1301 8 Medical Treatment S1108 9 Studies abroad S1107 10 Emigration S1307 10 Deleted vide A.P. (DIR 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....
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....(International Taxation), Drum Shape Building, I.P. Estate, New Delhi 110002, by the BO/LO on or before September 30 of every year. In case the annual accounts of the BO/LO are finalized with reference to a date other than March 31, the AAC along with the audited financial statements may be submitted within six months from the due date of the Balance Sheet to the designated AD Category - I bank with a copy to the Director General of Income Tax (International Taxation), Drum Shape Building, I.P. Estate, New Delhi 110002. The AAC is to be submitted by the: a. BO/ LO concerned, in case of a sole BO/ LO; b. Nodal office of the BOs/ LOs, in case of multiple BOs / LOs - a combined AAC in respect of all the offices in India. ii. 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 18 The AAC modified vide Notification No. FEMA 22 (R)/2016-RB dated March 31, 2016. 44 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 send a consolid....
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....ation No. FEMA 22 (R)/2016-RB dated March 31, 2016 46 22 Annex II Name of the AD bank: (a) Details of the BO/LO/PO opened during the month of Sr. No Name of the foreign entity Country of Incorporation Whether BO/LO/PO opened UIN Date of approval Address of office in India (b) Details of the BO/LO/PO closed during the month of Sr. No Name of the foreign entity Country of Incorporation Whether BO/LO/PO closed UIN Date of closure Address of office in India 22 Inserted vide AP DIR Circular No. 69 dated May 12, 2016 47 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 f....
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....d to as NDI Rules, 2019) and Foreign Exchange Management (Mode of Payment and reporting of Non-Debt Instruments) Regulations 2019 issued vide Notification No. FEMA 395/2019-RB dated October 17, 2019 (hereinafter referred to as FEMA 395). NDI Rules, 2019, amongst other things, prescribes the modes of investments i.e. issue or acquisition of equity instruments as defined thereunder and the conditions, such as entry routes, sectoral caps, pricing guidelines etc. that may be complied with. FEMA 395 prescribes the manner/ mode of receipt of funds and reporting of the investments made under NDI Rules, 2019. 25All the reporting prescribed under this direction, except specifically stated otherwise, is required to be done through the Single Master Form (SMF) available on 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. 26For 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....
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....to deletion it read as, "Advance Remittance Form (ARF) (Annex I): An Indian company which has received amount of consideration for issue of capital instruments and where such issue is reckoned as Foreign Direct Investment under FEMA 20®, shall report such receipt (including each upfront/ call payment) in ARF to the Regional Office concerned of the Reserve Bank, not later than 30 days from the date of receipt." 29 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, "Know Your Customer (KYC) Form (Annex II): The following documents shall be submitted along with the ARF:(a) copy/ies of the FIRC/s (Foreign Inward Remittance Certificate evidencing the receipt 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" 30 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 ....
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....NDI Rules, 2019; (e) Issue of shares on conversion of convertible notes. 38 Omitted (iii) 39 Allotment of equity instruments under public issue 40 or Qualified Institutional Placement (QIP) under the applicable SEBI Regulations need not be reported in Form FC-GPR (iv)41In case the Indian company issues equity instruments to a person resident outside India other than to the person resident outside India from who the inward remittance has been received, the form FC-GPR has to be filed along with the following documents: (a) KYC reports of both the remitter and the beneficial owner. (b) A no-objection certificate (NOC) from the remitter for issuing equity instruments to the beneficial owner mentioning their relationship. 35 Inserted with effect 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," 36 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 com....
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....he e-Biz platform at http://www.ebiz.gov.in" 44 Inserted 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 insertion it read as "All Indian companies which have received FDI and/ or made FDI abroad in the previous year(s) including the current year, should file the annual return on Foreign Liabilities and Assets (FLA) in the soft form to the Reserve Bank, Department of Statistics and Information Management, Mumbai by July 15 every year." 45 Modified with vide A.P. Dir Series Circular No. 37 dated June 28, 2019 on Annual Return on Foreign Liabilities and Assets- Reporting by Indian companies. Prior to modification, it read as "The FLA return is available on the RBI website www.rbi.org.in -> Forms category -> FEMA Forms) along with the related FAQs (www.rbi.org.in -> FAQs category -> Foreign Exchange)." 53 b) 46Foreign Currency-Transfer of Shares (FC-TRS) 47: 1) Form FCTRS is required to be filed for transfer of equity instruments48 in accordance with NDI Rules, 2019, between: (i) a person resident outside India holding equity instruments in an Indian company on a repatriable basi....
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....ion it read as "by way of sale" 49 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 "by way of sale" 54 6) Form FCTRS is required to be filed by the Indian company buying back shares in a scheme of merger/ de-merger/ amalgamation of Indian companies approved by NCLT/ competent authority. 7) The form FCTRS has to be filed with the AD bank within sixty days of transfer of equity instruments or receipt/ remittance of funds whichever is earlier. c) Know Your Customer (KYC): The sale consideration in respect of equity instruments purchased by a person resident outside India, remitted into India through normal banking channels, is subject to a KYC check 50by 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) 51In case the foreign remitt....
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....d to the Regional Office concerned of the Reserve Bank, as indicated below: (i) In case of full conversion of ECB into equity, the company shall report the conversion in Form FC-GPR55 as well as in Form ECB-2 (Part V: Annex II) to the Department of Statistics and Information Management (DSIM), Reserve Bank of India, Bandra Kurla Complex, Mumbai - 400 051, 56Contact numbers 022-26572513 and 022- 26573612, within seven working days from the close of month to which it relates. The words "ECB wholly converted to equity" shall be clearly indicated on top of the Form ECB-2. Once reported, filing of Form ECB-2 in the subsequent months is not necessary. (ii) In case of partial conversion of ECB, the company is required to report the converted portion in Form FC-GPR57 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 shares 58 59An Indian company issuing 60employees' stock option (ESOP) to persons resid....
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....ident (or vice versa) within 60 days from the date of receipt of funds in Form Foreign Direct Investment-LLP(II). 65The onus of reporting shall be on the resident transferor / transferee. 668) Reporting of issue or transfer of Convertible Notes - Form CN a) 67A start-up company issuing Convertible Notes (CNs) to a person resident outside India shall file Form CN within 30 days of issue. 62 Deleted with effect from 23.10.2018 with the introduction of SMF 63 Deleted with effect from 01.09.18 with the introduction of SMF. Prior to deletion it read as, "through its AD bank, to the Regional Office of the Reserve Bank under whose jurisdiction the Registered Office of the Limited Liability Partnership making the declaration is situated," 64 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." 65 Inserted with effect from October 17, 2019, vide Notification of FEMA 395. 66 Inserted with effect from January 10, 2017 ....
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....n of SMF. Prior to insertion it read as, "by FPIs on stock exchanges" 72 Inserted 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 insertion it read as, "purchasing various securities (except derivative and IDRs) shall report all such transactions details (except derivative and IDRs) in the Form LEC (FII) to Foreign Exchange Department, Reserve Bank of India, Central Office." 73 Deleted with effect from June 30, 2017. Prior to deletion it read as "by uploading the same to the ORFS web site (https://secweb.rbi.org.in/ORFSMainWeb/Login.jsp)." 74 Deleted with effect from 01.09.18 with the introduction of SMF. Prior to deletion it read as, "under the 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." 58 9.2 Investment by N....
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....rted as 'other' category of instruments under Para 4 of Form FC-GPR (Annex III)." 79 Inserted with effect from 01.09.18 by notification FEMA 20(R) (3)/ 2018-RB notified vide G.S.R.No. 823 (E) dated Aug 30, 2018. Prior to insertion, it read as, "An Indian entity making downstream investment in another Indian company or an LLP which is considered as indirect foreign investment for the investee entity in terms of FEMA 20(R), shall notify the DIPP within 30 days of such investment". 80 Inserted with effect from 23.10.2018 with the introduction of SMF. 81 Inserted with effect from 01.09.18 by notification FEMA 20(R) (3)/ 2018-RB notified vide G.S.R.No. 823 (E) dated Aug 30, 2018. Prior to Insertion it read as, "Forms ARF and" 59 8212) 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. 83 82 Inserted with effect from February 05, 2019 with the introduction of form InVI on SMF- FIRMS 83 Deleted vide A.P.(DIR Series) Circular No. 16 dated Septe....
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....eturn Type LRN - - Part B - Borrower Details 2 Legal Name - - - 3 Registered Office Address Registered Office State/UT Registered Office Pincode - 4 Contact No. - - - 5 E-Mail ID - - - 6 Registration Number Type Other Registration Number Type Registration Number - 7 PAN - - - 8 LEI - - - 9 Whether an investigation/adjudication by a law enforcing agency is in process or an appeal with reference to such investigation/adjudicatio nis pending for any contravention under FEMA, 1999. Details - - 10 Borrower Type Other Borrower Type - - 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 ....
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.... Amount - 38 End-Use Sector 2 Other End-Use Sector 2 % of Borrowing Amount - 39 End-Use Sector 3 Other End-Use Sector 3 % of Borrowing Amount - 40 End-Use Sector 4 Other End-Use Sector 4 % of Borrowing Amount - Part E - Interest Rate Details 41 Interest Rate Type Fixed Interest Rate (%) Benchmark Rate Spread 42 Floating Interest Rate Cap or Floor Cap Rate Floor Rate - 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 Date of Payment (YYYY-MM-DD) Currency Amount 48 Guarantee Fee Expected Date of Payment (YYYY-MM-DD) Currency Amount 49 Export Credit Agency Charges Expected Date of Payment (YYYY-MM-DD) Currency Amount 50 Other Charges Expected Date of Payment (YYYY-MM-DD) Currency Amount 51 Total (USD) - - - 52 Penal Interest for Late Payments (Fixed] Fixed Rate (%) - - 53 Penal Interest for Late Payments (Floating) Benchmark Rate Spread ....
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....Whether all repayment of principal, interest and other current account payabales (including outststanding interest waived off, if any) have 4 been duly reported in Form ECB 2? Part G - AD Comments 1 2 3 4 5 ] 88 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). 65 Part V: Annex III (Annex to A.P. (DIR Series) Circular No. 87 dated April 17, 2004) Form Trade Credit (TC) Form - TC Annex to A.P. (DIR Series) Circular No. 87 dated April 17, 2004 Part I : Approvals of Trade Credit granted by all branches during the (Month / Year). ......... Name of the AD : Contact Person: Address : Tel : Fax : Sr. No Date of Approv al Loan Identification No. Category of Borrower Name of Lender* Country of Lender* Currency Amount Equiv. Amt.in USD Rate of Interest Other charges in USD 1 2 3 4 5 6 7 8 9 10 11 Total Form - TC Annex to A.P. (DIR Series) Circular No. 87 dated April 17, 2004 Part I : Approvals of Trade Credit granted by all branches during the (Month / Year)....
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....: 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 to General Manager-in-Charge, Foreign Exchange Department, Foreign Investments Division (NRFAD), Reserve Bank of India, Central Office Cell, Parliament Street, New Delhi 110 001 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 Bangladesh nationality should be reported by it to its Head Office and the Head Office of such authorised dealer/ authorised bank should forward a quarterly report containing details of Name of the Individual(s), Passport Number, Issuing Country/State, Name of the FRO/ FRRO, Date of issue of Residential Permit and validity thereof, to the Ministry of Home Affairs (Foreigners Division) on Quarterly basis". 3) Return on non-resident deposits (Annex II): Authorised Banks maintaining non-resident deposits are required to submit detailed monthly data on non-resident deposits to the Reserve ....
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.... 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 Amount (in currency of account) without decimal point N - Numeric; A - Alpha-numeric 2. Details of codes to be used in the NRD-CSR Code Box-1: Deposit Scheme Code Sr. No Account under the Scheme Scheme Code 1. Foreign Currency Non-Resident (FCNR) A/c FCNR 2. Non-Resident External (NRE) Rupee Account NRER 3. Non-Resident Ordinary (NRO) Rupee Account NROR Code Box-2: Maturity Code Sr. No. Maturity Classification Maturity Code 1. Up to and inclusive of six months 1 2. Over six months but up to and inclusive of one year 2 3. Over one year but up to and inclusive of two years 3 4. Over two years but up to and inclusive of three years 4 5. Over three years 5 6. Unallocated (Savings/Current/Unclaimed Accounts) 6 The residual maturity cannot be determined for Savings/Current/Unclaimed Deposit Accounts. The residual maturit....
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....aturity 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. 73 Part VII: Immovable Property Form IPI (Annex I): A person resident outside India who has established in India, a branch, office or other place of business in accordance with the 91Foreign Exchange Management (Establishment in India of a Branch Office or a Liaison Office or a Project Office or any other Place of Business) Regulations, 2016, as amended from time to time, for carrying on in India any activity, excluding a liaison office, and acquires any immovable property in India, which is necessary for or incidental to carrying on such activity, is required to file with the Reserve Bank, a declaration in the form IPI as prescribed by Reserve Bank from time to time, not later than ninety days from the date of such acquisition. 91 Replaced "Foreign Exchange Management (Establishment in India of Branch or Office or any other Place of Business) Regulations, 2000"....
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..... 94 Replaced "Notification No. FEMA 21/2000-RB dated May 3, 2000 with Notification No. FEMA 21(R)/2018 dated March 26, 2018 75 (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 :- Designation: Date :--- 76 95Part VIII: Overseas Investment (OI): The overseas investment framework has been rationalised by issuance of the Foreign Exchange Management (Overseas Investment) Rules, 2022 (hereinafter referred to as 'Ol Rules') notified vide Notification No. G.S.R. 646(E) dated August 22, 2022 and Foreign Exchange Management (Overseas Investment) Regulations, 2022 (hereinafter referred to as 'Ol Regulations') notified vide Notification No. FEMA 400/2022-RB dated August 22, 2022 in supersession of Notification No. FEMA 120/RB-2004 dated July 07, 2004 (Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004). Consequently, Foreign Exchange Management (Overseas Investment) Directions, 2022 (hereinafter referred to as 'Ol Directions') have been issued vide A.P. (DIR Series) Circular N....
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....gn 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 entity/ Mutual Fund Section A.(A) Details of OPI by Indian entity as per Schedule II & proviso (iii) to Para 2 of Schedule V of OI Rules Section A.(B) Details of OPI by a resident individual by way of ESOP/ Employee Benefits Scheme (EBS), (reporting to be done by office/ branch/ subsidiary/ Indian entity concerned) as per Para 1(2)(iii)(h) and Para 3 of Schedule III of OI Rules) Section A.(C) Details of OPI by MF as per Para 2 of Schedule IV of OI Rules Section B Details of OPI by AIF/ VCF as per Para 2 of Schedule IV of OI Rules Section C Certificate from Indian entity/ MF/ AIF/ VCF, as the case may be 78 6. Form FLA: This form is required to be submitted directly by all the Indian entities which have made ODI in the previous year(s) including the current year, to the Department ....
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....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 filing has been done, as the case may be, within such period as may be advised. However, such facility can be availed within a maximum period of 3 years from the date of publication of OI Regulations in the Official Gazette. The rates and the manner in which LSF may be paid is laid down in paragraph 18 of OI Directions. 11. Any person resident in India, who has not submitted any filing relating to overseas investment specified in accordance with FEMA, 1999, or regulations made thereunder before the date of publication of OI Regulations in the Official Gazette, shall report the same using the revised forms. For such submissions, the corresponding extant Regulations, as stipulated by the Reserve Bank from time to time may be referred. 12. The forms received by the AD bank should be preserved UI....
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....ct Person xiii Designation of the contact person xiv Telephone Number XV Mobile Number Investment under (Please tick) vii viii .× x xi xii xiii xiv XV 81 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 making FC or undertaking disinvestment is under Investigation/ is a wilful defaulter/ has account as NPA (please refer to Rule 10 of OI Rules). If yes, mention the name of the Regulator/ investigating agency/ lender bank and the duration of investigation From Date To Date (if applicable) Name of Regulator/ Agency/ Lender VI Particulars of existing foreign entities of the IE/ RI/ group company/ Trust/ Society already in operation or under implementation (Attach separate sheet if required) Name of foreign entity Unique Identification Number (UIN) Name of the designated AD allotted by Reserve Bank bank i. Whether the IE/ RI/ group company/ Trust/ Society ....
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....rating cum holding) vi Activity code of SDS as per 1987 and 2008 NIC code vii % stake held by the parent in the SDS IX Whether the person resident in India has control in the foreign entity (Refer to the definition of "control" in the Ol Rules) X 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 83 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 third party Issue date Validity date ....
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....mount of FC 85 To be filled by the AD branch (strike out whichever is not applicable) We hereby confirm 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. Stamp/ seal Signature of authorized official of AD bank Name & designation of the Authorized Official of AD bank Date Email Place Telephone No. 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 o....
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....f the Authorized Official of IE/ RI Date Email Place Telephone No. List of enclosures Note: ** Notification No. FEMA. 19/RB-2000 dated 3rd May 2000 and Notification No.FEMA. 120/RB-2004 dated 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....
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....he Indian entity) is (in foreign currency) the INR equivalent^ of which works out to INR that works out to % of its Net Worth which is INR /-, as on the date of last audited balance sheet, i.e., (date Indian entity has complied with the pricing/valuation norms prescribed in 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. The valuation for the investment in (no of shares/% stake) is arrived at (amount in FCY).@ 87 its Net Worth which is INR /-, as on the date of last audited balance sheet, i.e., (date Note: @ Valuation certificate is attached * Please refer to Regulation 5(2) of OI Regulations, in case of a guarantee extended by a group company. ^ Exchange rate of INR shall be taken on the date of financial commitment or this certificate, whichever is earlier ** Notification No. FEMA. 19/RB-2000 dated 3rd May 2000 and Notification No.FEMA. 120/RB-2004 dated July 7, 2004, as amended from time to time Stamp/ seal Signature of the Statutory Auditors of the In....
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....the outstanding dues is more than twenty per cent. of the total value of the outstanding dues towards the IE and the diminution in value has been duly certified on an arm's length basis by a registered valuer as per the Companies Act, 2013 (18 of 2013) or corresponding valuer registered with the regulatory authority or certified public accountant in the host jurisdiction and the certificate is dated not more than six months before the date of restructuring 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. Place Place Date Date (Signature and seal of authorised official of the IE/ RI) (Signature and seal of authorised official of the AD) 89 Name Name Designation Designation Tel. No. Tel. No. Email Email Note: AD bank may ensure that the certificate furnished is in accordance with Para 14 of FEM (Overseas Investment) Directions. Form FC-Section G Reporting of disinvestment in the foreign entity by way of s....
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....uch as name and address VIII Summary of the financial commitment (cumulative amount) in respect of the foreign entity Equity Loan Guarantees issued/ other Guarantee invoked/ Other non-fund based financial fund based financial commitment commitment iv. v. Merger of two or more foreign entities of the same person resident in India Merger of the foreign entity with the step down subsidiaries of the same person resident in India or another IX Date wise details of remittances/ transaction (attach separate sheet if necessary) Date of remittance /transaction Method of investment Category of investment Amount X Fair value of the total disinvestment as per the valuation report and date of valuation report, wherever applicable 91 XI Whether there is write off (i.e. the difference between the original amount (proportionate amount in case of partial disinvestment) of investment made and the amount of consideration received on account of disinvestment, where the latter is less than the former)? If yes, please provide the amount of write off Equity Loan Others (please specify) XII Amount repatriated on disinvestment (attach separate sheet if necessary)....
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....pproval Route. 2) Under Approval Route, the Form FC after scrutiny, should be submitted by the AD bank, to the Reserve Bank as per the instructions in Para 3 of FEM (Overseas Investment) Directions, 2022. 3) The Form FC is to be submitted while undertaking financial commitment in a foreign entity, at the time of sending outward remittance or making a financial commitment, whichever is earlier. 4) In case of acquisition of equity capital on deferred payment basis in accordance with Regulation 7 of OI Regulations, the part of the consideration, payment of which is deferred by the person resident in India shall be treated as non-fund-based commitment and shall be reported accordingly. Subsequent remittance towards the payment of deferred consideration shall be reported in Form FC as conversion of non-fund-based commitment to equity capital. This subsequent remittance will not be treated as fresh financial commitment for the purpose of the investment limit. Thus, there will be two submissions in case of deferred payment and in case of delay in any of the submissions, facility of Late Submission Fee may be availed. 5) In the case of non-fund based financial commitment, Form ....
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....t limit of the Indian entity. 14) In case more than one person resident in India is investing in the same foreign entity, Form FC shall be submitted individually by all such investing persons to the designated branch of the AD bank. The AD bank should report the forms online indicating details of each party. The Reserve Bank would allot only one UIN to a foreign entity. 15) The level of step-down subsidiary (SDS) shall be calculated treating the foreign entity as the parent. So, an SDS directly under the direct foreign entity should be treated as first level SDS. Accordingly, an SDS under the first level SDS would be treated as second level SDS, so on and so forth. 16) Section F of Form FC is required to be submitted by such person resident in India whose financial commitment changes as a result of the restructuring of the balance sheet of the foreign entity. This should be submitted within 30 days from the date of such restructuring. 17) The Form FC is to be submitted while undertaking disinvestment in a foreign entity, within 30 days from the date of receipt of disinvestment proceeds (inward remittance). Where the disinvestment proceeds are received in tranches in acc....
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.... than one) (i) Name, level and country/jurisdiction name of SDS (ii) Name, level and country/jurisdiction name of the parent of SDS (iii) Investment amount and date of investment (if any) Currency: Date: Amount: (iv) Activity code as per 1987 Activity code as per 2008 (v) % Stake held in SDS (vi) Is the activity of SDS into financial services (tick) Yes No (vii) Name, level and country/jurisdiction of SDS wound up during the reporting period, wherever applicable XII Declaration from Indian entity/ resident individual (Strike out whichever is not applicable) I/We the Indian entity/ resident individual (wherever applicable) further confirm that: i. Acquisition/ setting up/ winding up/transfer of the SDS and changes in the shareholding pattern of the foreign entity since last APR have been reported as required in terms of Regulation 10(4)(c) 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. ii. The structure of SDS is in compliance with the structural requirements of the foreign entity as provided in O....
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.... the reporting is being done under the earlier overseas investment framework ** as stipulated by the Reserve Bank from time to time, and it has been verified from the Foreign Inward Remittance Certificate issued by the AD bank/s. Signature of the Statutory Auditors /Chartered Accountant Stamp/Seal Name of the audit firm, Registration number and UDIN Place Date Email Certificate by the Authorized Dealer bank i. In terms of Regulation 9 (1) of OI Regulations, the AD Bank has received the share certificate/s or any other document as evidence of investment as per the applicable laws of the host jurisdiction and we are satisfied about the bona fides of the documents so received. ii. The duly filled in Form (Annual Performance Report) was submitted by the Indian entity/resident individual on day of (month) (year). iii. All the previous year APRs submitted by the (Name of the Indian entity/ resident individual) have been reported in the online OID application. Stamp/ seal Signature of the Authorized Official of the AD bank Name and designation of the AD bank official Instructions for filling up the Annual Performance Report (APR) 1) A person residen....
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....e that all the previous year APRs have been submitted to the designated AD bank. 7) Capital structure (para III of form APR) should be in cumulative and the % stake should be a total of all the persons resident in India in the foreign entity 8) In Para VII the figures under "since commencement of business" should be equal to or more than the figure mentioned under current year. 9) In Para VII (ii), Redemption of preference shares (not in the nature of compulsorily convertible preference shares (CCPS)) should also be reported. 10) In Para VII (vii), other receipts which are not mentioned in the table like interest on loan or license fee etc. shall be mentioned. 11) In Para IX, the part of the profits of the foreign entity which is retained and reinvested in such foreign entity shall be mentioned. The retained earnings are to be calculated as per the procedure laid down by the International Monetary Fund in the latest version of their 99 publication "Balance of Payments and International Investment Position Manual". It is to be noted that the negative retained earnings is to be treated as '0' (zero). 12) The level of step-down subsidiary (SDS) shall be calcula....
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....lf year (including reinvestment) iii Sale/disinvestment made during the half year * iv Net amount of Investment held abroad (closing balance) (I+II-III) Remittance amount Repatriation amount viii. ix x xi B. OPI by resident individuals by way of ESOP/ Employee Benefits Scheme (EBS) (Please refer to Para 1 (2) (iii)(h) and para 3 of Schedule III of OI Rules) (reporting to be made by by the company/ branch/ office, as the case may be 101 USD INR i Net Amount of ESOP/ EBS Investment held abroad (Opening Balance) at cost basis Investments made during the Half Year (including reinvestment) Disinvestments made during the Half Year * iv Net amount of Investments held abroad (Closing Balance) (I+II-III) Remittance Amount Repatriation Amount Consolidated details of Employee Stock Ownership Plan (ESOP)/ Employee Benefits Scheme should be reported as under by the company/ branch/ office, as the case may be a. We, (Indian Company / Office / Branch), hereby declare that: M/s. (foreign company) has issued (nature) equity capital/ % interest to our employees / directors under ESOP/ Employee Benefits Scheme during the half year as ....
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....he VCF/ AIF i. Name of the VCF/AIF ii. Date of the SEBI Approval iii. Limit of the Overseas investment granted by SEBI (Amount in actuals in USD) ix. X xi. IV OPI by VCF/AIF (please refer to Para 2 of Schedule IV of OI Rules) Opening Balance Purchase/ acquired Sale/ disinvested Closing Balance Remittance from India Repatriation to India USD INR USD INR USD INR USD INR USD INR USD INR i Equity Equity linked instrument iii Other permissible instrument (furnish the details of instrument) Total 104 Section C Certificate from Indian entity/ Mutual Fund/AIF/VCF (Strike out whichever is not applicable) We, the Indian entity/ Mutual Fund/ AIF/ VCF further confirm that the investment made as above are in compliance with the provisions contained in OI Rules. All the transactions effected during the half year are included above and we hereby certify that the information furnished above are true and correct. We also duly acknowledge that if any information furnished by 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 authorize....
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....an), AD banks were permitted to factor the export receivables on a non-recourse basis, so as to enable the exporters to improve their cash flow and meet their working capital requirements subject to conditions as under: After factoring, the Export Factor may close the export bills and report the same in the Export Data Processing and Monitoring System (EDPMS) of the Reserve Bank of India. (https://www.edpms.rbi.org.in) 96 Omitted earlier by oversight, now inserted 97 Format omitted earlier by oversight, now inserted 98 Deleted/ discontinued vide AP (DIR Series) Circular No.74 dated May 26, 2016. Prior to deletion it read as "A quarterly statement indicating details of such cases may be forwarded to the concerned Regional Offices of RBI within 21 days from the end of each quarter. (Annex III)" 99 The submission of fortnightly and quarterly reports to RBI on balances of DDA accounts and opening/ closing of DDA accounts has since been done away with vide AP (DIR Series) circular No. 54 dated March 23, 2016 and FEM (Foreign Currency Accounts by a person Resident in India) Regulations, 2015 with effect from January 21, 2016 106 (g) Follow-up of Overdue Bills: With oper....
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....case of LC/BG Whether payment to be Received through ACU? Let Export order (LEO) Date: General Commodity Description: [ ] Yes [ ] No State of Origin of Goods: Total FOB value in words (INR): Custom Assessable value (INR) *: 3. Invoice -Wise details of Export Value (If more than one invoice for a particular shipping bill , the block 2 will repeat as many times of invoices) Invoice No. Invoice date. Invoice Currency: Invoice Amount: Nature of Contract: [ ] FOB [ ] CIF [ ] C&F [ ] CI [ ] Others Particulars Currency Amount in FC Exchange Rate Amount (INR) FOB Value Freight Insurance Commission Discount Nature of Cargo: [ ] Government [ ] Non-Government 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). Mode of Realisation: [ ] L/C [ ] BG [ ] Others (advance payment, etc. including transfer/remittance to bank account maintained overseas ) [ ] Yes [ ] No Nature of Contract: [ ] FOB [ ] CIF [ ] C&F [ ] CI [ ] Others Other Deduction 108 Packing Charges Net Reali....
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.... 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 agreem ent SECTION - C DECLARATION BY EXPORTER I/ We@ hereby declare that I/we@ am/are@ the seller of the software in respect of which this declaration is made and that the particulars given above 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. Place: Date: (Signature of Exporter) Name: Designation Space for use of the competent autho....
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....ove 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. Place: Date: (Signature of the Designated/ Authorised Official of STPI/EPZ/SEZ ) Name: Designation @ Strike out whichever is not applicable 111 101Omitted 101 Deleted/ discontinued vide AP (DIR Series) Circular No.74 dated May 26, 2016 112 102Part IX: Annex III Reporting of Long term Advance of USD 100 million & more Name and Address of the Exporter: PAN No. of the Exporter: Name, address and relationship with the overseas supplier from whom long term advance has been availed of: Company review: Nature of business Number of years the party has been dealing with the bank Details of existing facilities with the Bank Export to total domestic sales ratio (last three years average) Details of long term advance: Total amount of contract/orders placed & period Total advance to be received Date of receipt of Advance Tenor Rate of Interest, if any Details of BG/SBLC issued, if any Place: Date: Authorised Signatory: Au....
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....cilities 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 a bank in India which will monitor the transactions put through the foreign currency accounts. 5. Details of exports made and proceeds realized during the period the preceding 3 years and outstanding at the end of the period. Financial Year Total exports made (Rs.) Amount realised (Rs.) Outstanding at the end of the period (Rs.) 6. Details of imports made Calendar Year Country Amount (Rs.) during the preceding 3 years, country-wise. Financial Year Country Amount (Rs.) 7. In case the account is proposed to be opened with a bank abroad, indicate the details of arrangements made for availing of loans/ overdrafts/lines of 7. 116 credit from the bank with which the account will be maintained. 8. Quarter-wise projections of export rec....
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..../ 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. 104 Inserted vide A.P.(DIR Series) Circular No. 09 dated December 22, 2023 105 Inserted vide A.P.(DIR Series) Circular No. 09 dated December 22, 2023 106 Inserted vide A.P.(DIR Series) Circular No. 09 dated December 22, 2023 118 (c) AD bank should ensure one-to-one matching in case of each Merchanting Trade transaction and report defaults if any, in any leg by the traders to the concerned Regional Office of RBI, on half yearly basis in the format as given in Annex VIII, within 15 days from the close of each half year, i.e., June and December. (d) The AD Category -I bank has to obtain a copy of invoice and airway bill from the OPGSP containing the name and address of the beneficiary as evidence of import and report the transaction in R-Return(to respective regional Office of RBI on a fortnightly basis within 7 days of the end of....
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....nth for current 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 III. Import of gold by SEZs in Gems & Jewellery Sector 1 2 3 Sub- total Grand Total For the month Up to the month for the FY 121 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 Code (Part-I code) AD referenc e No. Name & Address of the Merchanting Trader Name & Address of the Foreign buyer Name & Address of the foreign Supplier Commencem ent Date Completio n date Export Leg (equivalent to US Dollar) Import Leg (equivalent to US Dollar) Foreign Exchange Outlay, if any (No. of days) Amount Realized Amount outstanding Amount paid Amount outstanding 122 109Part IX: Annex IX (Annex to A. P. (DIR Series) Circular No.116 dated- April 1, 2014) letter of Statement of Advance Remittance without bank guarantee or standby credi....
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....n the manner and format advised for this purpose within thirty calendar days from the end of the respective quarter'. 112 Inserted vide A.P.(DIR Series) Circular No. 01 dated April 01, 2026. 124 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 principal debtor * a. Parent of the principal debtor b. Group entity of the principal debtor c. Surety not related and a bank. d. Surety is not related and is any other financial institution e. Others. (please specify) vii. Major activity * NIC code: 6. Details of the Principal debtor i. Name * ii. PAN iii. LEI iv. CIN V. Residential status * resident /non-resident vi. Major activity * NIC code: 7. Details of the creditor i. Name * ii. PAN iii. LEI iv. CIN V. Residential status * resident /non-resident vi....
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....t 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 case the guarantee is issued and modified within the same reporting period, it shall be reported as two separate guarantees with the first guarantee deemed to have ended one day prior to the effective date of modification and second guarantee deemed to have started on the effective date of modification. In case the guarantee is issued and closed within the same reporting period, the original guarantee shall be reported in Part B with v....
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....arities 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. 129 Part XI: Annex I Format of Application Form (See Rule 4 or 5) (To be filled in duplicate and shall be accompanied by certified copy of the Memorandum issued) 1. Name of the applicant (in BLOCK LETTERS) 2. Full address of the applicant (including Phone and Fax Number and email id) 3. Whether the applicant is resident in India or resident outside India [Please refer to Section 2(v) of the Act] 4. Name of the Adjudicating Authority ....
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....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 Amount in Foreign Currency Date of draw Amount in INR down • Details of draw down • Details of LRN Number- application and receipt 132 • 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 reasons for the contravention • All supporting documents may be submitted ODI Details to be furnished along with application for compounding of contravention relating to Overseas Investment . Name of the applicant · Date of incorporation . Income-tax PAN · Nature of act....
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....nex 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 of the Authorised Signatory) Official Stamp Date: Place: 135 Part XII: Licensing of NBFCs as AD Category-II In terms of DNBR notification DNBR (PD) CC.No. 098/03/10/001 dated April 16, 2019, Systemically Important Non-Deposit taking Non-Banking Financial Company - Investment and Credit Companies ....
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....t 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. 137 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, and before commencement of operations 18. Undertaking to post competent staff to handle the business activities permitted to an AD Category II 19. Any other particulars which the applicant may wish to state 138 117Part XIII: Late Submission Fee (LSF) Matrix for Reporting De....
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....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 ensure that there is no delay at their end in forwarding the completed application to the Reserve Bank. Any such delays will render the AD bank for action as laid down in section 11(3) of the Foreign Exchange Management Act, 1999. 5. The LSF shall be: 121[Deleted] i. 122[payable to the Regional Offi....