AI Drafter 
TaxTMI 
TaxTMI 
Reporting under Foreign Exchange Management Act, 1999 (Updated as on June 05, 2026)
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....s 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 are consolidated under this Master Direction. 3. The Master Direction will be up....
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....f 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). (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) FLM 8 (Annex-X).....
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....he 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. Signature of the applicant with seal 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. 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 initiated/ pending against the franchisee or its directors/ partn....
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....e 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. 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. 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 6 7 8 9 Particulars of foreign currency notes/ coins/ TCs/ pre-paid cards Rate Rupee equivalent Commission charged, if any Total amount received Cash Memo No. & Date Remarks Name of Currency Amount in Notes/ coins Amount in TCs/ cards By Cash By Cheq ue 10 11 12 13 14 15 16 17 18 19 NOTES: (1) If the money-changer is dealing in a larg....
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....0302) (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 training, sponsorship and prize money)/ (iii) Remittance under educational tie up arrangements with universities abroad/(iv) Remittance towards fees for examinations held in India and abroad and additional score sheets for GRE, TOEFL etc./ (v) Employment and processing, assessment fees for overseas job applications/(vi) Skills / credential assessment fees for intending migrants/(vii) Visa fees /(viii) Processing fees for registration of documents as required by the Portuguese / other Governments/ (ix) Registration / Subscription / Membership fees to International 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)....
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.... in which the person has held the post of Chairman / Managing Director / Director / Chief Executive Officer 10. (i) Whether associated as promoter, Managing Director, Chairman or Director with any other FFMC / AD Category - II? (ii) If yes, the name/s of the company/ies 11. (i) Whether prosecuted/convicted for any economic offence either in the individual capacity or as a partner / director of any firm / company (ii) If yes, particulars thereof : 12. Experience in money changing business (number of years) 13. Equity shareholding in the company No. of shares : Face value : Percentage to total equity share capital of the company : : : : : : : : : : : : : : Signature: Name: Date: Designation: Place: (Chief Executive Officer) Company: 2) Money Transfer Service Scheme (MTSS) Money Transfer Service Scheme (MTSS) is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India. Only inward personal remittances into India such as remittances towards family maintenance and remittances favouring foreign tourists visiting India are permissible. No outward remittance from India ....
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.... 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 to which it relates. 5Indian Agents who are non- bank Authorised Category- II / FFMC shall submit the same in the APConnect application within the specified timeline. 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 5 Inserted vide A.P. (DIR Series) Circular No. 01 dated April 06, 2023. Part I: Annex XV Format for Sub Agents of Indian Agents of MTSS 1. Name of the Sub Agent 2. Sub Agent Category (AD Cat-I bank/ AD Cat-II/ Other Scheduled Commercial Bank/ Full Fledged Money Changer/ Department of Posts/ Registered NBFC/ Others) 3. Address of the registered/corporate/administrative office with telephone number/s, Fax number/s and e-mail id/s. 4. Registered with 5. Registration Number 6. Details of Registration (papers to be attached as at Annex XV a) 7. P....
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....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 6by 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. 6 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) system (https://secweb.rbi.org.in/orfsxbrl)" Part I: Annex XVII Statement of Collateral kept by Indian Agents Name of the Indian Agent Name of the Overseas Principal Total quantum of remittances received during the past 6 months in US $ Amount of collateral held in US $ Collateral kept in various forms (Foreign Currency Deposit/ Bank Guarantee) Last review of adequacy of collateral along with observations Note: This statement as at the end of June and December every year is required to be submitted to the Regional Office concerned of the Foreign Exchange Department of the Reserve Bank within 15 days from the close of the half year to which it relates. 7 Indian Agents ....
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....s 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 is required to be submitted & through Centralised Information Management System (CIMS) (URL: https://sankalan.rbi.org.in) before 15th of the succeeding month to which the quarter relates. In case no data is to be furnished, AD Category - I banks shall upload a 'NIL' report in CIMS. g. Annual Review: AD Category-I banks should submit 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 by 30th June every year an annual review note covering the period January 1 to December 31 of the previous year, on the vostro accounts of the Exchange Houses maintained by them under the Rupee/ Foreign Currency Drawing Arrangements (RDAs/ FcyDAs) duly approved by their Board. The Review Note should cover various aspe....
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....l 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) Certified copy/ies of license(s) issued by Municipal Authorities and / or any other Government regulatory/ controlling authority in the country of the Exchange House. (Applicable to the Exchange Houses in U.A.E.) (iii) A Certificate from a Chartered Accountant, regarding compliance with Know Your Customer/Anti Money Laundering/Combating the Financing of Terrorism norms in the home country by the Exchange House. 9(iv) Certified copies of confidential opinion/ report recorded by Embassy of India in the country concerned/ bankers of the Exchange House/ correspondent banks etc., subject to the satisfaction of the Board of the bank concerned. (v) Audited Balance Sheets and Profit and Loss Account Statements of the Exchange House for the previous three years. (vi) Copy of the Board Resolution of the AD Category-I bank f....
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....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 if any 7. a) Embassy of India in the country Confidential opinion in brief recorded by b) Bankers of the EH i) Name of the banker ii) Name of the banker 8. Is the applicant bank fully satisfied about a) the competence of the company/ firm/ people managing the EH b) the financial strength of the shareholders of the EH c) the financial strength of the EH d) the internal control systems operating in EH with regard to issue of drafts? 9. Furnish details of collateral arrangements negotiated with the EH (viz. amount of deposit, bank guarantee, etc.) and the justification thereof. Part III- Details of the proposed arrangement 1. Details/description of proposed arrangement 2(a) Reasons for entering into RDA (b) Projections of business turnover (quantify monthly projections) 3. The procedure under which the proposed RDA wi....
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.... 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 that the Rupee accounts of the Exchange Houses are conducted strictly in accordance with the guidelines issued by RBI and in terms of the relative agreements with the Exchange Houses concerned. D) Copy of the statement has been sent to the General Manager-in-charge, Foreign correspondent relationship and department / Officer in Charge, nostro account of our bank. E)We confirm that we have not received any adverse report / warning signals from the General Manager of our International Department whose accounts are maintained by us at the time of submitting the statement. Statement countersigned by certifying that it has been internally reviewed in the bank and the conduct of the account is considered satisfactory. Chief Manager of the Account Maintaining Branch Signature of the General Manager-in- Charge of Inte....
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....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 made by the principal encashing branches/ offices during the last one week (for adding to estimated pipeline) 6. Funds held abroad either as collateral by the bank or under procedure 7. Surplus/ deficit in balance (s)/ collaterals in the account to cover item 5 8(a) All payment advices received during the month from our paying branches have been taken into account for raising debits in the USD/ GBP accounts of Exchange House. (b) We confirm that the USD/ GBP accounts of Exchange Houses are conducted strictly in accordance with the guidelines issued by RBI and in terms of the relative agreements with the Exchange Houses concerned. (c) Copy of the statement has been sent to the General Manager-in-Charge foreign correspondent relationship and Department/ Office-in-Charge- Nostro account of our bank. (d) We confirm ....
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....s: 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 to above/ any of the above exchange houses viii) We are regularly submitting the statements 'A', 'B', 'C', and 'D', as at Annex- II, Annex-III, Annex-IV and Annex-V, respectively to the top management. ix) We have not come across any adverse features about operations in the account of the above / any of the above exchange houses and / or the Rupee and/ or Foreign Currency Drawing arrangement with these Exchange Houses: x) We are keeping a close watch on the means and financial standing of the above exchange houses(s) and as on the date of this report we have no adverse observations on record with us to report to the Reserve Bank. Name of the bank: Address: Part II: Liberalised Remittance Scheme Resident individuals are permitted to make remittances up to USD 250,0....
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....mber 03,2025. (prior to insertion, this read as AD banks). 15 Inserted vide A.P. (Dir Series) Circular 50 dated February 11, 2016 'Others' such as loan to NRI close relatives and health insurance S0011, S0603 2. 16 Transactions relating to LRS are required to be reported in Foreign Exchange Transactions Electronic Reporting System (FETERS) to Department of Statistics and Information Management (DSIM) under respective FETERS purpose codes (e.g. travel, medical treatment, purchase of immovable property, studies abroad, maintenance of close relatives; etc.) instead of reporting collectively under the purpose code S0023. This would help AD banks in classification of transactions for similar activity under single purpose code. Therefore, the purpose code S0023 may be read as 'Opening of foreign currency account abroad with a bank.' 3. 17 AD banks should continue to ensure that the data pertaining to LRS transactions reported by them in FETERS tallies with the data reported by them in CIMS. 16 Inserted vide AP (Dir Series) Circular No. 50 dated February 11, 2016. 17 Inserted vide AP (Dir Series) Circular No. 50 dated February 11, 2016. 18Part III....
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....fghanistan, 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 office; If there is more than one office of such a foreign entity, a separate annual report is required to be submitted to each of the DGP concerned of the state where the office has been established. 19 Inserted vide A.P. (DIR Series) Circular No.12 dated June 05, 2026. Prior to modification it read as: "to the General Manager, Reserve Bank of India, Central Office Cell, Foreign Exchange Department, Sansad Marg, New Delhi-110001" 20 Deleted vide AP (DIR Series) Circular No.05 dated November 13, 2020. Prior to deletion, it read as "Extension of LOs granted by the AD Category-I banks must be intimated to the General Manager, Reserve Bank of India, CO Cell, New Delhi along with the reference number of the original approval letter and the UIN." 21 Deleted vide AP (DIR Series) Circular No.05 dated November 13,....
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....t, 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 Indians Sl No Name Parentage Nationality Age Email and mobile particulars Designation/ profession 7 List of foreigners other than employees who visited Indian office in connection with activities of the company, with details Sl No Name Parentage Nationality Age Purpose of visit Designation/ profession Date of entry into India and place of stay 8 Projects/ contracts/ collaborations worked upon or initiated during the year along with details Sl No Name of Project/ contract/ collaboration Name of Indian party Nature of business activity Approximate value of project/ work Place/ area of project/ work Period of project/ work Approximate number of foreign work force required in India 9 List of equipment imported for business activities in India Sl No Name/ technical details Purpose Date of Import into India/ plac....
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.....17 notified vide G.S.R. N0.1374 (E) 25 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 No. FEMA 20(R)/2017-RB dated November 07, 2017 [hereinafter referred to as FEMA 20(R)]. 26 Inserted with effect from 01.09.18 vide A.P.Dir (Series) Circular 30 dated June 7, 2018. 27 Inserted with effect from 28.06.2018 vide A.P.Dir (Series) Circular 30 dated June 7, 2018. a) Reporting inflows: (i) The actual inflows on account of issue of equity instruments shall be reported by the AD branch in the R-returns in the normal course. (ii) 28 29Omitted (iii) 30Omitted (v) 31Omitted (vi) 32 33Omitted b) Reporting of issue of equity instruments: (i)34Foreign Currency - Gross Provisional Return (FC- GPR)35:An Indian company issuing equity instruments to a person resident outside India, and where such issue is reckoned as Foreign Direct Investment under NDI Rules, 2019, shall report such issue in 28 In....
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....ocs/Forms/PDFs/KYC020411.pdf" 33 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 service hyperlink [RBI service page displayed] -> Download eform)." 34 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 "Foreign Collaboration - General Permission Route (FC- GPR) (Annex III): After issue of eligible securities (including partly paid securities to the extent called up), the Indian company has to file Form FC- GPR, through its AD Category-I bank, to the Regional Office concerned of the Reserve Bank under whose jurisdiction the registered office of the company is situated, not later than 30 days from the date of issue of shares." 21Deleted with effect from 01.09.18 with the introduction of FIRMS application. 35 Deleted with effect from 01.09.18 with the introduction of FIRMS application. Form FC-GPR 36....
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....th the above provision would be reckoned as a contravention under FEMA and could attract penal provisions" 40 Inserted as a clarification. 41 Inserted with effect from April 10, 2023. 42 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 agreement / board resolution from the investee company for issuing equity instruments to a person other than from who the remittance has been received. (v) 43 44Omitted c) Annual Return on Foreign Liabilities and Assets: 45 An Indian company which has received FDI or an LLP which has received investment by way of capital contribution in the previous year(s) including the current year, shall submit form FLA to the Reserve Bank on or before the 15th day of July of each year. Explanation: Year for this purpose shall be reckoned as April to March. 46The FLA return can be filed through a web-portal interface https://flair.rbi.org.in provided by RBI to the reporting entities for submitting "User Registration Form". The successful registration on web-portal will enable users to generate RBI-provided login-name and password f....
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....may be. 2) Transfer of equity instruments in accordance with NDI Rules, 2019 50between 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 prescribed under NDI Rules, 2019 has to be reported by such person in Form FC-TRS. 4) Transfer of equity instruments prescribed in Rule 9(6) of NDI Rules, 2019 viz., payment on deferred basis, shall be reported in Form FC-TRS to the AD bank on receipt of every tranche of payment. The onus of reporting shall be on the resident transferor/ transferee. 5) Transfer of 'participating interest/ rights' in oil fields shall be reported in Form FC-TRS. 47 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 "Foreign Collaboration-Transfer of Shares (FC-TRS) (Annex IV): Reporting of transfer of eligible securities between residents and non-residents and vice- versa is to be made in Form FCTRS. The Form FC- TRS sh....
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....ved 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)." 54 Deleted with effect from 01.09.18 with the introduction of SMF. Prior to deletion it read as, "The IBD/ FED or the nodal office of the AD bank will consolidate reporting in respect of all the transactions reported by their branches into an inflow - outflow statement (Annex V) This statement shall be forwarded on a monthly basis to Foreign Exchange Department, Reserve Bank of India, Foreign Investment Division, Central Office, Mumbai in soft copy (in MS- Excel) by e-mail to [email protected]". 55 Deleted with effect from 01.09.18 with the introduction of SMF. Prior to deletion it read as, "Reporting on e-Biz Portal of the Government of India: With a view to promoting the ease of reporting of transactions under foreign direct investment (FDI), the filing of the ARF, Form FC-GPR and Form FCTRS has been enabled under the e-Biz platform of the Governm....
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..... 57 Contact numbers inserted 58 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". 59 Deleted with effect from 23.10.2018 with the introduction of SMF. 60 Modified with effect from 07.11.17 vide Notification FEMA 20(R)/2017-RB dated-07.11.17 notified vide G.S.R. N0.1374(E) 61 Inserted with effect from 01.09.18 with the introduction of SMF. Prior to insertion it read as, "sweat equity shares/employees' stock option/ shares issued against exercise of stock option." 62 Inserted with effect from 23.10.2018 with the introduction of SMF. Subsequent to insertion, it read as, "to the Regional Office concerned of the Reserve Bank under whose jurisdiction the registered office of the company operates, within 30 days from the date of issuing sweat equity shares/ employees' stock option/ shares against exercise of option, as the case may be. All FIRCs and KYC shall be filed as necessary documents along with form ESOP." 6) Reporting of ADR/GDR Issues - Form DRR63 The domestic custodian shall report the issue/ transfer of sponsored/ unsponsored depos....
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....erve 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) 69Omitted 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 transferor/transferee, resident in India, 70in Form CN within 30 days of such transfer. d) The AD bank shall ensure due diligence with regards to KYC of the foreign investor/ buyer. 9) Reporting of foreign portfolio investment71 9.1 Investment 72other than by NRIs/ OCIs a) Reporting Form LEC(FII): The AD banks have to ensure that the FPIs registered with SEBI who are 73investing under Schedule II to NDI Rules, 2019 and all investment (other than that made by NRIs/ OCIs) which is considered as Foreign Portfolio Investment within the meaning of Rule 2(t) of NDI Rules, 2019 is reported in Form LEC(FII) on a daily basis. 74 It would be the bank's responsibility to ensure that the data submitted to Reserve Bank is reconciled by periodically taking a FPI holding report for their bank. b) The Indian company which has issued....
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....at the data submitted to Reserve Bank is reconciled by periodically taking a NRI holding report for their bank. 79 Omitted 8010) Downstream Investment: 81Form 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 Bank within 30 days from the date of allotment of equity instruments. 11) Investment by Foreign Venture Capital Investor (FVCI) Investment in equity instruments by FVCIs in terms of Schedule VII to NDI Rules, 2019 is required to be reported in 82Form FC-GPR and transfer of capital instruments between an FVCI and a person resident in India in terms of the Schedule, ibid, is required to be filed in Form FC-TRS. Since pricing guidelines are not applicable for Schedule VII investments, valuation certificate need not be insisted upon. 76 Inserted with effect from 01.09.18 with the introduction of SMF. Prior to insertion it read as, "on stock exchanges" 77 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, "on PIS tran....
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....ication 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 TC' as per the format in Annex III to [email protected] (2) The returns shall be submitted using the file provided on the RBI website (List of Returns Submitted to RBI).] 87[(3) The designated AD Category I bank shall submit the return (complete in all aspects) received from the eligible borrower, along with due certification, to the Reserve Bank within seven calendar days from the date of its receipt; (4) In case of delayed submission of returns, the designated AD Category I bank shall monitor payment of applicable LSF by their customers/ constituents.] 86 Amended vide A.P. (DIR Series) Circular No. 23 dated February 18, 2026. Prior to the amendment the words read as, "Indian companies are allowed to access funds from abroad in the following methods: (i) External Commercial Borrowings (ECB) (ii) Foreign Currency Convert....
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....NR) 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 Borrowing (as on the date of application) (USD) Total Outstanding External Borrowing (as on the date of application) (USD) - 18 Proposed ECB (USD) Available ECB Limit (USD) 1000000000 - - Part C - Lender Details 19 Legal Name - - - 20 Country - - - 21 Contact No. - - - 22 E-Mail ID - - - 23 Lender Category Foreign Equity Holder Ownership (%) <applicable on selecting "Foreign Equity Holder"> Other Lender Category <applicable on selecting "Others (Specify)"> - Part D - Borrowing Details 24 Borrowing Permission Type - - - 25 Form of Borrowing Other Form of Borrowing <applicable on selecting 'Others (Specify)"> Share of Financial Insitutions in IFSC (USD) <applicable on seleting "Syndicate Loan"> - 26 Borrowing Agreement Date (YYYY-MM-DD) - - - 27 Average Maturity (Years) - - - 28 Borrowing Currency 1 ....
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....pplicable 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 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 (%) <applicable on selecting "Yes"> - - 53 Penal Interest for Late Payments (Floating) Benchmark Rate <applicable on selecting "Yes"> Spread capplicable on selecting "Yes"> - 54 Commitment Fee (Variable) % Per Annum <applicable on selecting "Yes"> % of Undrawn Amount capplicable on selecting "Yes"> - 55 56 57 58 ] Part V: 89 [Annex II (Annex II to A.P. (DIR Series) Circular No. 23 dated February 18, 2026) Form ECB 2 Part A - ECB Details Loan Registrati....
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....ff, if - - - - Part G - AD Comments 1 2 3 4 5 ] 89 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). 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) e-mail: Period of credit Type of Credit ** Item of Import / proposed Import All-in-cost No. of Days/Mon./Yr Unit of time period SC / BC STC / LTC Description Category 12 13 14 15 16 17 18 ....
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....red to furnish the statement in the requisite format 91 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 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 Bank of India in NRD-CSR package, the format of which is at Annex II (available at https://rbidocs.rbi.org.in/rdocs/content/pdfs/19APDR_AN10813.pdf ). For monthly NRD-CSR submission on XBRL platform by nodal off....
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....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 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/Unclaime....
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....y 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 person resident outside India who has established in India, a branch, office or other place of business in accordance with the 93Foreign 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. 93 Replaced "Foreign Exchange Management (Establishment in India of Branch or Office or any other Place of Business) ....
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....ted March 26, 2018. 96 Replaced "Notification No. FEMA 21/2000-RB dated May 3, 2000 with Notification No. FEMA 21(R)/2018 dated March 26, 2018 (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: 97Part 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....
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....reign 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 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 of Statistics....
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.... 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 UIN-wise....
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....ne Number XV Mobile Number xvi E-mail ID 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 From Date 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 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) allotted by Reserve Bank Name of the designated AD bank i. Form FC: Section B Details of the foreign entity/ Step-Down Subsidiary (SDS) Indicate 13-digit Unique Identification Number issued by the Reserve Bank (if applicable) VII Particulars of foreign entity i. Name ii. Address iii. ....
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....talization - 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 10 Performance guarantee Issued Issue date Validity date 11 Bank Guarantee Issued Bank Guarantee Issued (Mention name of the Bank) Issue date Validity date 12 Rollover/ Change in guarantee $ (Specify) Rollover date Validity date 13 Pledge/ creation of charge - foreign assets Shares of foreign entity/ SDS Movable & immovable properties of foreign entity/ SDS Other financi al assets Date of creation Validity Date (Amount to be reckoned as FC) 14 Creation of charge - domestic assets (name of the overseas lender) Shares of IE and/or its group companies Movable & immovable properties of IE and/ or its group Other financi al assets of IE and/ or its group Date of creation Validity date (Amount to be reckoned as FC) 15 Conversion of loan to equity $$ (Specify) Date of conversion Amount 16 FC as a result of me....
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....re 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 to furnish the objection(s) within sixty days from the date of receipt of application for NOC. (b) Wherever applicable, the Share certificate/ other evidence as required in Regulation 9 and other reporting requirement as required in terms of Regulation 10 of OI Regulations, as stipulated by the Reserve Bank from time to time, in respect of the foreign entity under this UIN has been submitted/completed. (c) Financial commitment undertaken by means of debt is in compliance with OI Rules and OI Regulations, 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. (d) Pricing and valuation norms as per OI Rules and OI Regulations, or co....
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....er 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 total financial commitment of the Indian entity (Name of the 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 ) iv. 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).@ V. Indian entity has complied with the conditions prescribed in para 2 ....
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.... 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 dues Declaration by the Indian Entity (IE) (Strike out whichever is not applicable) a. The foreign entity has been incurring losses for last 2 years b. The amount of original investment is less than USD 10 million OR The amount of original investment is more than USD 10 million 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 c. The amount of diminution in value of the outstanding dues is less than twenty per cent of the total val....
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....orm 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 resident in India buying stake in the concerned foreign entity for the first time. ii. Closure/voluntary liquidation of the foreign entity Please attach relevant documentary evidence iii. Buy back by the foreign entity Please attach relevant documentary evidence iv. Merger of two or more foreign entities of the same person resident in India Furnish details of merging foreign entity and the surviving foreign entity such as name, UIN of the foreign entity and the name of the person resident in India concerned of both the foreign entities.Also furnish details of SDS of those foreign entity which shall merge. v.Merger of the foreign entity with the step down subsidiaries of the same person resident in India or another Furnish UIN of the merging foreig....
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....orted to the Reserve Bank. (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 sections of the Form FC with respect to all such SDS are submitted to Reserve Bank through the AD bank for allotment of UIN. (h) 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 Equity Loan Others (please specify) Equity Loan Others (please specify) Equity Loan Others (please specify) Signature and seal of authorised official of the IE / RI) (Signature and seal of authorised official of the AD) Name Name Designation Designation Tel. No. Tel. No. Email Email Instructions for filling up the Form FC 1) The Form FC is required to be submitted to the designated AD bank by the person ....
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....r 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 company has any fund-based exposure to or from the Indian entity the same shall be deducted from the Net worth of such group company for computing its financial commitment limit and shall be reported accordingly as provided in Regulation 5(2) of OI Regulations. 11) AD may ensure that any financial commitment by an Indian entity by way of loan is duly backed by a loan agreement and that rate of interest as mentioned in such agreement is charged on an arm's length basis. 12) AD bank may ensure that as on the date of undertaking the actual financial commitment, the person resident in India does not breach the limit of financial commitment prescribed by Reserve Bank. 13) In case of personal guarantee issued by a re....
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....the reporting year (Furnish the updated share holding pattern, if applicable, in the foreign entity) Person resident in India % Stake Foreign partner(s) % Stake (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) Dividend (ii) Repayment of loan (iii) Non-Equity Exports Realised (in INR) (iv) Royalties (v) Technical know-how Fees (vi) Consultancy fees (vii) Others (please specify) VIII Profit Retained earnings X FDI by foreign entity/ SDS into India Refund of excess share application money @Transaction No. - @ Furnish 15 / 17-digit transaction number allotted by Reserve Bank allotted at the time of reporting of remittance in the online OID application. Furnish the details of acquisition or setting up or winding up or transfer of step-down subsidiary or subsidiaries of foreign entity during the reporting year in the format as provided, if applicable (attach separate sheet if the number of SDS is more than one) Name, level and country/j....
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.... authorized official of the IE approved by the Board/ RI Stamp/ seal Name & Designation of the Authorized Official of the IE/ RI Place Date Telephone No. 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 of audited/ unaudited balance sheet of the foreign entity for the year ended . ii. APR for the year ended is prepared on the basis of unaudited balance sheet of the foreign entity since audit is not mandatory in host country/jurisdiction and the IE/RI does not have 'control' in the foreign entity in compliance with explanation (a) to Regulation 10(4) of Foreign Exchange Management (Overseas Investment) Regulations, 2022. iii. The IE/ RI repatriated to India, all dues receivable from the foreign entity under this UIN, as required under Regulation 9 (4) of Foreign Exchange Management (Overseas Investment) Regulations, 2022 or corresponding extant Regulations in case where the reporting is being done under the earlier overseas investment framework ** as stipulated b....
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....iction 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, the person resident in India holding the highest stake in the foreign entity shall be required to submit APR. In case of holdings being equal, APR may be filed jointly by such persons resident in India. It is also clarified that where APR is required to be filed jointly, either one investor may be authorized by other investors, or such persons may jointly file the APR. 5) The person resident in India shall report the details regarding acquisition/ setting up / winding up/ transfer of an SDS or alteration in the shareholding pattern in the foreign entity during the reporting year in the APR, failing which it shall amount to non-submission of APR. 6) The person resident in India shall ensure that all the previous year APRs have been submitted to the designated AD bank. ....
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....R) 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 Name and Code of Reporting AD bank: Particulars of the Indian Entity/Mutual Fund (MF) Name of Indian entity/ MF LEI of Indian entity/ MF Address of Indian entity/ MF viii. Net worth in INR (in case of Indian entity) as per last audited balance sheet As on date (Please mention date) ix Whether the IE is listed Yes / No x Contact person (name & designation) xi Mobile number xii E-mail ID A. OPI by Indian entity (Please refer to Schedule II & Proviso 2(iii) of Schedule V of OI Rules) USD INR i Net Amount of Investment held abroad (opening balance) at cost basis ii Investments made during the half year (including reinvestment) iii Sale/disinvestment made during the half year * iv Net amount of Investment held abroad (closing balance) (I+II-III) Remi....
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....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 manages the VCF/ AIF i. Name of the Indian entity/ RI ii. PAN iv ETF (Securities) v Mutual Funds vi Others (Specify) Total (C) iii. Group to which the entity belongs iv. Activity code of the Indian Company (1987 NIC at 3-digit level (2008 NIC at 5-digit level) V. Address of the Indian entity/ RI vi. City vii. State viii. PIN code ix. Name of the contact person X. Designation of the contact person xi. Telephone No. xii. Mobile No. of the contact person xiii. Fax No. xiv. Email III Particulars of the 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) 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 ....
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....ge 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 AML guidelines so that only bonafide export advances flow into India. Doubtful cases as also instances of chronic defaulters may be referred to Directorate of Enforcement (DoE) for further investigation. 100 (e) 101Omitted (f) Taking into account the recommendation made by the Technical Committee on Facilities and Services to the Exporters (Chairman: Shri G. Padmanabhan), 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) ....
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.... 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's Name & Address: |Mode of Realisation: [ ] L/C [ ] BG [ ] Othe (advance payment, etc. including transfer/remittance to bank account maintained overseas ) Port of Loading / Source Port in case of SEZ: Third Party name & Address (In case of third Party Payments for Exports) Country of Destination: Port of Discharge: Name of the Indian bank and AD code, in case of LC/BG Whether payment to be Received through ACU? [ ] Yes [ ] No Let Export order (LEO) Date: General Commodity Description: 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: Inv....
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....e of softw 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 Num ber Exp ort valu e in are Expo rted GR/SDF /PP/SOF TEX /EDF Form No. on which exports were declared Date of Exp ort Royalty agreement details ent/PO Inovi % age and amou nt of royalt Period of Royalty agreem ent Date ce curr ency y 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 specif....
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.... Name: Designation 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. (Signature of the Designated/ Authorised Official of STPI/EPZ/SEZ ) @ Strike out whichever is not applicable 103Omitted 103 Deleted/ discontinued vide AP (DIR Series) Circular No.74 dated May 26, 2016 104Part 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/S....
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....edit 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 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 credit from the bank with which the account will be maintained. 8. Quarter-wise projections of export receipts to be c....
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....l 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. 106 6 Inserted vide A.P.(DIR Series) Circular No. 09 dated December 22, 2023 107 Inserted vide A.P.(DIR Series) Circular No. 09 dated December 22, 2023 108 Inserted vide A.P.(DIR Series) Circular No. 09 dated December 22, 2023 (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 the fortnight) under the foreign currency payment head for NOSTRO (https:....
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.... 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 II. 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 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 111Part IX: Annex IX (Annex to A. P. (DIR Series) Circular No.116 dated- April 1, 2014) Statement of Advance Remittance without bank guarantee or standby letter of credit where the amount of advance is equivalent to or more than USD 5 million for import of Rough Diamonds for the period ended Name of the AD Category - I Bank: AD Code (14 digit): Sl. No. Na....
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..... 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. Category of creditor * a. Bank b. Other financial institution c. Parent of the principal debtor d. Group entity of the principal debtor e. Others. (please specify)- vii. Major activity NIC code: 8. Details of Guarantee i. Type of guarantee * a. Fi....
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....ame 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 validity date as the date of closure. 6) Reserve Bank of India reserves the right to put the information furnished here in the public domain. 116 117Omitted Part X: Annex I 118 Omitted 115 Deleted/discontinued vide AP (DIR Series) Circular No.1 dated July 07, 2016 prior to deletion it read as "1) Invocation of Bank Guarantee/ Standby Letter of Credit fo....
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....ir 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 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 before whom the case is pending 5. Nature of the contravention [according to sub-section (1) of Section 13] 6. Brief facts of the case 7. Details of fee for application of compounding 8. Any other information relevant to the case I/We declare that the particulars given above are true and correct to the best of my/our knowledge and belief and that I/We am/are willing to ac....
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....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 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 activities undertaken (Please give NIC code - 1987) · Name of Overseas entity · Date of incorporation of overseas entity · Nature of activities undertaken by overseas entity · Nature of entity- WOS/JV . Details of remittance sent- Date of remittance; Amount in FCY and in INR · Details of other financial Commitment · Details of UIN applied and received · Date of receipt of share certificate · Approval of other regulators if required · Detai....
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....nk) - 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 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 (NDSI-NBFC-ICCs) fulfilling certain conditions have now been made eligible for an Authorised Dealer Category-II licence under section 10(1) of FEMA 1999. The NBFCs fulfilling the eligibility conditions and desirous of undertaking activities permitted to an AD Category-II under FEMA, may make an application in the prescribed form (Part XII-Annex) and submit the same to the respective Regional Office of the Foreign Exchange Department of the Reserve Bank under whose jurisdiction the registered office of the appl....
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....elines 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 119Part XIII: Late Submission Fee (LSF) Matrix for Reporting Delays, wherever applicable 1. A person who is liable to pay LSF as per the provisions under FEMA 1999, shall pay such LSF as per the following matrix: Sr. No. Type of Reporting delays LSF Amount (INR) 1 Form ODI Part-II/ APR, FCGPR (B), FLA Returns, Form OPI, 120[Form ECB / ECB 1, Revised Form ECB / ECB 1], evidence of investment or any other return which does not capture flows or any other periodical reporting 7500 2 FC-GPR, FCTRS, Form ESOP, Form LLP(I), Form LLP(II), Form CN, Form DI, Form InVi, Form ODI- Part I, For....
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.... 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: 123[Deleted] i. 124[payable to the Regional Office concerned of the Reserve Bank for returns pertaining to ECB by way of NEFT or RTGS, post receipt of an e-mail from the Reserve Bank acknowledging receipt of the return. Detailed instructions in this regard shall be provided in the acknowledgment e-mail.] Ä°i. payable at the Regional Office concerned of the Reserve Bank for Foreign Investment related transactions by way of Demand Draft or NEFT or RTGS. The detailed instructions regarding the same have been provided in the User Manual for FI....