TaxTMI 
TaxTMI 
TaxTMI 
Reporting under Foreign Exchange Management Act, 1999 (Updated as on February 18, 2026)
X X X X Extracts X X X X
X X X X Extracts X X X X
....ated 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 when fresh instructions are issued. Yours faithfully, (Dr. Adity....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 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) FLM 8 (Annex-X). (ix) 1 (x) Quarterly Statement showing summation of Fo....
X X X X Extracts X X X X
X X X X Extracts X X X X
....l 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 initiated/ pending against the franchisee or its directors/ partners by any law....
X X X X Extracts X X X X
X X X X Extracts X X X X
....d 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 6 7 8 9 Particulars of foreign currency notes/ coins/ TCs/ pre-paid cards Rate Rupee eq....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 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 held in India and abroad and additional score sheets for GRE, TOEFL etc./ (v) Emplo....
X X X X Extracts X X X X
X X X X Extracts X X X X
....I 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. Educational / professional qualifications 8. Line of business or vocation 9. Name/s of other companies 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)....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 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 statement of the collateral held as at the end of June and December every year (Annex-XVII): To be furnished by the Indian Agents to the ROs concerned of the FED of the Reserve Bank, under whose jurisdiction their registered offices fall, within 15 days from the close of the half-year to which it relates. 5Indian Agents who are non- bank Authorised Category- II / FFMC shall submit the....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ission 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 certificate. 26 Part I: Annex XVI Statement showing details of quantum of remittances received through Money Transfer Service Scheme during the quarter ended Name of the Indian Agent Name of the Overseas Principal Total quantum of remittances received in US $ INR equivalent Note: This statement is required to be submitted 6by the Indian Agents through Centralised Informatio....
X X X X Extracts X X X X
X X X X Extracts X X X X
....its. 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 account of the Exchange House. Note - While statements A to D (Annex XIX to XXII) are not required to be submitted to the Reserve Bank, ADs Category-I should prepare these statements and cause inspections at the prescribed periodicities. The relative statements/ reports should invariably be submitted to their respective Top Management with suitable explanatory notes indicating corrective....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ed 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 India, under whose jurisdiction the registered office of the applicant falls. The application should be signed by the General Manager (or an officer of equivalent rank), International Banking Division/ Foreign Department of the applicant AD Category-I bank. (b) Documentation: AD Category-I banks should submit the following documents along with the application: (i) Certified copy o....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 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 the applicant bank will have any role in management of EH? Furnish details 4. Profit earned/loss sustained by the EH during the previous three calendar years 32 5. Particulars of license issued by the Central Bank/ Supervisory Authority of the country concerned a) License No b) Date of issue c) Validity period d) Special conditions, if any 6. Particulars of licenses iss....
X X X X Extracts X X X X
X X X X Extracts X X X X
....hange 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 recovered from the Exchange House against each specific foreign foreign credit afforded to the account during the month currency corresponding to the sale of Rupees made by the bank to recovered the Exchange House A) All payment advices received during the month from our paying branches have been taken into account for raising debits in the Rupee accounts of the ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ccounts 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 of the AD Category-I: No. of drawee branches: Full Address: Type of Account: RBI Approval No. and date: Name of the Exchange House: Particulars of operations in the Account during the month of Sl No. Particulars (Amount in USD) (Amount in GBP) 1. Opening balance in the account (Cr/ Dr) at the start of the month to which the statement relates 2. Tota....
X X X X Extracts X X X X
X X X X Extracts X X X X
....kets 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. deviations from the (e) Please attach separate sheets furnishing details of requirements as per declaration at Sr.no. (c), (f), (g), (h), (i) and (j) of Para 1 of SECTION III wherever necessary. Please also indicate the corrective action taken and the current status. We hereby certify that i) The above information has been compiled with reference to actuals and excludes the transactions in the pipeline. ii) The number of branches covered has increased from to since the submission of the last statement in view of the following reasons: iii) The growth/ deceleration in the inflows of foreign currency is due to the following reasons: iv) The outflows reported ....
X X X X Extracts X X X X
X X X X Extracts X X X X
...., 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 be furnished, AD banks are advised to upload 'nil' figures in CIMS." 11 Inserted vide A.P. (DIR Series) Circular No. 16 dated September 06, 2024. 12 Inserted vide A.P.(Dir series) Circular No. 17 dated December 03, 2025 13 Inserted vide A.P.(Dir series) Circular No. 17 dated December 03,2025 14Inserted vide A.P.(Dir series) Circular No. 17 dated December 03,2025. (prior to ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....nk 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 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 consolidated list of all the BOs/LOs/ POs opened and closed by them during a month (as per Annex II), by the fifth of the succeeding month, 18 The AAC modified vide Notification No. FEMA 22 (R)/2016-RB dated March 31, 2016. 44 to the General Manager, Reserve Bank of India, Central Office Cell, Foreign Exchange Department, Sansad Marg, New Delhi-110 001. 3. 19 4. 20 5. Entities from Bangladesh, Sri Lanka, Afghanistan, Iran, China, Hong Kong, Macau or Pakistan which are setting ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....corporation 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 foreign nationals employed at LO/BO/PO are on E Visas 5 Whether the foreign nationals on E Visas have reported to mandatory authorities ie., police station etc If not, name of such national/ nationality along with relevant details and reasons for not complying with the requirement e. Passport particulars (i) Passport Number (ii) Place of Issue (iii) Date of Issue (iv) Date of expiry....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ectoral 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 entity master on the FIRMS platform. The procedure for filing the entity master is provided in the user manual as hosted on the FIRMS website as well as, is available on the RBI website www.rbi.org.in. The reporting formalities for foreign investment are given below: 1) Reporting for issue of capital instruments 23 Modified with effect from 07.11.17 vide by Notification FEMA 20(R)/2017-RB dated-07.11.17 notified ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....9 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 which FCGPR is filed, the KYC check shall be carried out by the remittance receiving bank and the KYC report be submitted by the investee to the AD bank carrying out the transaction along with the Form FC-GPR." 31 Inserted by AP (Dir) Series Circular No. 40 dated February 1, 2016. Prior to the insertion it read as "The forms can also be downloaded from the Reserve Bank's website https://rbidocs.rbi.org.in/rd....
X X X X Extracts X X X X
X X X X Extracts X X X X
....a 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 company, as well as issue of shares on conversion of ECB/ royalty/ lump sum technical know-how fee/ import of capital goods by units in SEZs has to be reported in Form FC-GPR" 37 Inserted with effect from April 10, 2023. 38 Deleted with effect from 07.11.17 by Notification FEMA 20(R)/2017-RB dated 07.11.17 notified vide G.S.R. N0. 1374(E) dated 07.11.17. Prior to deletion it read as "Non-compliance with the ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....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 basis and person resident outside India holding equity instruments on a non-repatriable basis; and (ii) a person resident outside India holding equity instruments in an Indian company on a repatriable basis and a person resident in India, The onus of reporting is on the resident transferor/ transferee or the person resident outside India holding equity instruments on a non-repatriable basis, as the case ....
X X X X Extracts X X X X
X X X X Extracts X X X X
..... 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 remitter and the beneficial owner are different, the conditions (a) to (c) laid down at Para A (1)(b)(iv) of this part shall apply mutatis-mutandis. e) 52 53Omitted 3) 54Omitted 50 Deleted with effect from 01.09.18 with the introduction of SMF. 51 Inserted as a Clarification. 52 Deleted the following with effect from 07.11.17 "The AD bank branch shall submit two copies of the Form FC-TRS received ....
X X X X Extracts X X X X
X X X X Extracts X X X X
...., 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 resident outside India who are its employees/ directors or employees/ directors of its holding company/ joint venture/ wholly owned overseas subsidiary/ subsidiaries shall file Form ESOP61 within 30 days from the date of issue of ESOPs. 55 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". 56 C....
X X X X Extracts X X X X
X X X X Extracts X X X X
....leted 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 by Amendment Notification No. FEMA 377/2016-RB dated January 10, 2017 notified vide G.S.R No. 16(E) dated January 10, 2017 67 Inserted with effect from 01.09.18 with the introduction of SMF. Prior to insertion it read as, "A startup company issuing Convertible Notes (CNs) to a person resident outside India shall furnish, through the AD bank, to the Regional Office concerned of the Reserve Bank unde....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ange 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 NRIs 75/ OCI The designated link office of the AD bank shall furnish to the Reserve Bank, a report in LEC(NRI) on a daily basis, 76for their entire bank, investments made by NRIs/ OCIs under Schedule III to NDI Rules, 2019 which is considered as Foreign Portfolio Investment within the meaning of Rule 2(t) of NDI, 2019 Rules.77It would be the bank's responsibility to ensure that the data submitted to Re....
X X X X Extracts X X X X
X X X X Extracts X X X X
....rms 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 September 30, 2022 which introduced a uniform LSF matrix 60 84Omitted 84 Deleted Annex I to Annex X with the introduction of SMF. 61 Part V: 85[Borrowing and Lending (1) The designated AD Category I bank shall submit the following returns in terms of Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 (Notification No. FEMA.3(R)/2018-RB dated December 17, 2018): (a) 'For....
X X X X Extracts X X X X
X X X X Extracts X X X X
....h (as per the last audited balance sheet) (INR) Net Worth (as per the last audited balance sheet) (USD Equivalent) - - 15 Outstanding Domestic Borrowing from Banks (as on the date of application) (INR) Outstanding Domestic Borrowing from AIFIs and NBFCs (as on the date of application) (INR) Outstanding Domestic Borrowing through Debt Instruments (as on the date of application) (INR) Outstanding Domestic Borrowing from Other Sources (as on the date of application) (INR) 16 Outstanding ECBs (as on the date of application) (USD) Outstanding External Trade Credits (as on the date of application) (USD) Outstanding External Borrowing from Other Sources (as on the date of application) (USD) - 17 Total Outstanding Domestic Borrowing (as on the date of application) (INR) Total Outstanding Domestic 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 (%)....
X X X X Extracts X X X X
X X X X Extracts X X X X
....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 - 54 Commitment Fee (Variable) % Per Annum % of Undrawn Amount - Part G - AD Comments 58 ] 64 Part V: 87 [Annex II (Annex II to A.P. (DIR Series) Circular No. 23 dated February 18, 2026) Form ECB 2 Part A - ECB Details Loan Registration Number (LRN) Part B - Receipt Details B.1 - Receipt(s) During the Reporting Period Sr. No. Date (YYYY-MM-DD) Currency Amount Amount (USD) Recipient Bank Name Recipient Bank Country - - - - - - B.2 - Total Receipts Reported Earlier Sr. No. - Currency Amount Amount (USD) - - - - - - - - Part C - Utilisation Details C1 - Details of Utlisation of Receipts Duing the Reporting Period Sr. No. Date (YYYY-MM-DD) Currency Amount Amount (USD) Beneficiary Bank Name Beneficiary Bank Country Payment Beneficiary Country End-Use Purpose End-Use Purpose - Others (Specify) End-Use Sector End Use S....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 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 I. Supplier's Credit (SC) II. Buyer's Credit (BC) III. Short-term Trade Credit (STC) (maturity period up to one year) 66 IV. Long-term Trade Credit (LTC) (maturity period more than one year & less than three years) V. Total Trade Credit (TC) (I+II) or Supplier **: Please type respective code such as SC or BC; STC or LTC. ***: Petroleum Oil Lubricants (POL), Capital Goods (CG), Others (OT) Note 1: The format of the loan identification number is: TC/(Name of the Bank/branch)/(Identification No.) Note 2: Information in column nos. 8 to 13 should be numeric ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....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 office of banks, the Reserve Bank has provided the following two alternatives: (a) Banks can download the RBI's NRD-CSR template by logging to the RBI's Online Reporting web-page (http://orfs.rbi.org.in) (Path: Homepage -> XBRLbased filing -> (enter user name / password) -> Download Returns Package -> Form NRD- CSR) and use the same to generate instance document (.xml file) after entering details. The instance document can be uploaded on RBI's XBRL page. The Reserve Bank (DSIM, CO) will provide Username and Password to all banks for NRD-CSR for this purpose. (b) Banks can use any....
X X X X Extracts X X X X
X X X X Extracts X X X X
....usive 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 maturity for such cases, should be "unallocated" (Code 6). 71 Currency Code (SWIFT Code) USD, GBP, EUR, JPY, AUD, CAD and other freely convertible currencies are permitted for FCNR(B) Code Box-3: Record Type Code No. Record Type Description of data item on the record Code 1. Inflows Fresh inflow from abroad (total) FI 2. Amount of interest reinvested IR 3. Amount renewed / transfer from other A/c PR 4. Local inflow (for NRO Savings A/c) LI 5. Outflows Amount of principal remitted abroad (total) PA 6. Amount of interest remitted abroad (total) IA 7. Amount of principal remitted locally PL 8. Amount of interest remitted locally IL 9 Local withdrawals (gifts, tax, donations etc.) LW 10 Transfers to other A/c including renewals TR 11 Balances Opening Bal....
X X X X Extracts X X X X
X X X X Extracts X X X X
....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. 90 Replaced "Foreign Exchange Management (Establishment in India of Branch or Office or any other Place of Business) Regulations, 2000" with "Foreign Exchange Management (Establishment in India of a Branch Office or a Liaison Office or any other Place of Business) Regulations, 2016. 74 Part VII: Annex I Form IPI Declaration of immovable property acquired in India by a person resident outside India who has established in India a branch, office or other place of business, excluding a liaison office Instructions: 1. The declaration should be completed in duplicate and submitted directly to 91 the General Manager, Reserve Bank of India, Central Office Cell, Foreign Exchange Department, 6, Sansad Marg, New Delhi - 110 001 within 90 days from the date of acquisition of the immovable property. 2. This form is not to be submitted by a person resident outside India who is a citizen of India or 92an Overseas Cit....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ion 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 No.12 dated August 22, 2022. 2. Accordingly, the revised reporting instructions are as under. In terms of Regulation 10 of the OI Regulations, a) A person resident in India, (i) who has made Overseas Direct Investment (ODI) or is making any financial commitment or undertaking restructuring or undertaking disinvestment in a foreign entity, shall report it in Form FC (ii) who has made ODI shall submit an Annual Performance Report (APR) b) A person resident in India other than a resident individual, making any Overseas Portfolio Investment (OPI) or transferring such investment by way of sale, shall report the same in Form OPI c) An Indian Entity which has made ODI, shall submit an Annual Return on Foreign Liabilities and Assets (FLA). 3. Form FC (Annex I): This Form captu....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... of OPI by MF as per Para 2 of Schedule IV of OI Rules 78 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 and Information Management (DSIM), Reserve Bank of India. The form FLA is available on RBI's website viz. www.flair.rbi.org.in and needs to be reported by July 15th of every year. AD banks are advised to ensure submission of Form FLA due, before undertaking any remittance for the Indian entity. 7. The forms listed at paragraphs 3, 4 and 5 above, are required to be submitted to the designated AD bank as per the format provided in these directions. i. Form FC is to be submitted (Sections A,B,C,D &E) by a person resident in India making a financial commitment in the foreign entity at the time of undertaking outward remittance or financial commitment, whichever is earlier. ii. Any restructuring of the balance sheet of the foreign entity involving diminution in the total ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 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 for onward submission to the Reserve Bank, if and when required. 13. The AD banks should put in place proper processes and systems and issue necessary instructions to all the dealing officials at the bank/ branch to ensure compliance with these Directions. Further, as envisaged under Regulation 12 of OI Regulations, AD banks shall ensure that a person resident in India who has made a financial commitment in a foreign entity as per FEMA provisions, shall not make any further financial commitment whether fund-based or non-fund-based, directly or indirectly, towards the foreign entity or transfer such investment, till any delay in reporting is regularized. Failure to comply with the reporting requirements, with or without LSF, within the time as specified in the OI Regulations....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ase 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) allotted by Reserve Bank bank Name of the designated AD i. xii xiii xiv XV xvi IV 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 Unique Identification Number (UIN) allotted by Reserve Bank bank 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. Name of the country/ ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 13-digit Unique Identification Number (UIN) issued by Reserve Bank (if applicable) S. No Method or source of investments Category of investments Other details Date Amount 1 Banking channel Equity capital Loan Guarantee invoked 2 ECB Equity capital Loan Guarantee invoked 3 ADR Equity capital Loan Guarantee invoked 4 GDR Equity capital Loan Guarantee invoked 5 Swap of securities Equity capital 6 Capitalization - exports Equity capital 7 Capitalization - others @ (specify) Equity capital 8 Others - fund based (please specify) (e.g., acquisition by way of exercise of Rights) Equity capital Loan 9 Corporate or personal guarantee issued Corporate guarantee by Indian Entity (IE) Personal guarantee Corpora te guarant ee by 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 84 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....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 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 Place Date Telephone No. Email 86 FORM FC: Section D Declaration by the Indian entity (IE)/ Resident Individual (RI) (Strike out whichever is not applicable) (a) I/ We have an account appearing as Non-Performing Asset (NPA)/wilful defaulter, or am/ are under investigation by a financial sector regulator, or am/ are under investigation by investigative agencies in India, viz., Central Bureau of Investigation or Directorate of Enforcement or Serious Frauds Investigation Office Accordingly, i. NOC has been obtained & enclosed herewith as prescribed under Rule 10 of the OI Rules, or ii. The lender bank(s)/regulatory body/investigative agency concerned failed 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 ti....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... OI Regulations have been complied with by the Indian Entity/ Group Company, as applicable, (Name of the Indian Entity/ Group Company) in respect of the investment under report. In particular, it is certified that (strike out whichever is not applicable): i. The investment is not in violation of the provisions contained in Rule 19 of Foreign Exchange Management (Overseas Investment) Rules, 2022 or corresponding extant Regulations in case where the transaction has been done under the earlier overseas investment framework ** , as stipulated by the Reserve Bank from time to time. ii. The NOC as required in terms of Rule 10 of Foreign Exchange Management (Overseas Investment) Rules, 2022 has been obtained, wherever applicable. iii. The remittance/transaction amount towards the investment together with earlier Financial Commitment is within the limit as stipulated by the Reserve Bank from time to time. The 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 ent....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 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).@ 7, 2004, ** as amended from time to time Notification No. FEMA. 19/RB-2000 dated 3rd May 2000 and Notification No.FEMA.120/RB-2004 dated July Telephone No. Email Form FC-Section F 88 Reporting of restructuring of the balance sheet of the foreign entity involving diminution in the total value of the outstanding dues towards person resident in India on account of investment in equity and debt Note: All amounts should be in a single foreign currency and in actuals 13 digit Unique Identification Number allotted by the Reserve Bank Name, AD Code and branch of the designated AD bank S. No. Particulars I PAN and Name of the Indian Entity (IE) = Name of the foreign entity E % Stake held by IE in the foreign entity IV Total amount of Financial Commitment undertaken by IE in this UIN till date a) Equi....
X X X X Extracts X X X X
X X X X Extracts X X X X
....and seal of authorised official of the (Signature and seal of authorised official of the AD) IE/ RI) Name Designation Tel. No. Email Name Designation Tel. No. 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 sale or transfer of equity capital/buyback of equity capital/closure/voluntary liquidation/winding up/merger /amalgamation Note: All amounts should be in a single foreign currency and in actuals 13 digit Unique Identification Number (UIN) allotted by the Reserve Bank 90 Name, AD Code and branch of the designated AD bank S.No. Particulars of transaction I Date of submission of last APR and period to which last APR relates Disinvestment route(tick) Approval Route Automatic Route Disinvestment type (tick) Full disinvestment Partial Disinvestment IV Date of disinvestment V PAN and name of the disinvesting person resident in India VI % Stake held at the time of disinvestment % stake disinvested in case of partial disinvestment VII Method of disinve....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e 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) Equity Loan Others (please specify) XIII Amount repatriated since reporting of the last APR except the disinvestment proceeds Equity Loan Others (please specify) X XI XII XIII 92 Declaration (a) The transfer is subject to a price arrived on an arm's length basis. Copies of the necessary documents/ valuation as required by the AD bank have been furnished to the AD bank. (b) In case the transfer is on account of merger, amalgamation or demerger or on account of buyback of foreign securities, such transfer, or liquidation (in case of liquidation of the foreign entity), it has the approval of the competent authority as per the laws in India and/or the host country/jurisdiction, as the case may be (c) the transferor, in case of full disinvestment other than by way of liquidation, does not have any dues outstanding for receipt, which the transferor is entitled to receive from the foreign entity as an investor in equity capital and debt. (d) t....
X X X X Extracts X X X X
X X X X Extracts X X X X
....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 FC can be submitted before undertaking such financial commitment. Any change in the date of undertaking the financial commitment or the validity date, as the case may be, in the submitted Form FC for such financial commitment, shall be informed to the AD bank latest by the next working day from the date of undertaking such financial commitment. 6) Any roll-over of a guarantee must be reported in Form FC. 7) Along with Section A and B of Form FC only the relevant section(s), as applicable, may be submitted. For undertaking financial commitment, including roll-over and conversion of loan to equity, transaction details in Section C, declaration by the Indian entity/resident individual in Section D and certificate by the Statutory Auditors of the Indian entity /group company, as the case may be, in Section E shall be submitted. 8) While undertaking remittance towards acquisition of equity capital on deferred payment basis, where Form FC was already submitted with ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....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 accordance with the agreement, each such receipt shall be reported in Form FC. 18) All amounts of foreign currency (FCY) and Indian Rupees (INR) should be in actuals only. 19) The name of the FCY may be indicated as per SWIFT code. 20) The dates shall be in the format of DD/MM/YYYY. 21) The activity code as per NIC 1987 and NIC 2008 shall be furnished. 22) Each page of the Form FC should be duly signed and stamped with date by the person resident in India submitting the same. 23) Reserve Bank reserves the right to put the information furnished here in the public domain. 95 Annex II ANNUAL PERFORMANCE REPORT (APR) Note: all amounts should be in actuals. All the figures should be in a single foreign currency (FCY) APR for the period I From date To Date Unique Identification Number (UIN) = Capital structure as on the last day of the accounting year of the foreign entity III Amount % share i) Indian ii) Foreign ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....rseas 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 OI Rules. iii. We have received share certificate/s (or any other evidence of investment as per the applicable laws of the host jurisdiction) and submitted the same to the designated AD bank for verification within 6 months of making the remittance/s for all investments/ capitalization which are reckoned as ODI in the foreign entity under this UIN, as per Regulation 9 (1) 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. iv. The previous APRs for the foreign entity under this UIN, have been filed. V. Repatriated to India, all dues receivable from the foreign entity under this UIN, as required under Regulation 9 (4) of OI Regulations or corresponding extant Regulations in case where the reporting is being done under the earlier overseas investment framework ** as stipulated by the Reserve Bank from time to time. vi. I/ We hereby ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....nature of the Authorized Official of the Stamp/ seal AD bank Name and designation of the AD bank official Instructions for filling up the Annual Performance Report (APR) 1) A person resident in India acquiring equity capital in a foreign entity which is reckoned as ODI, shall submit an APR with respect to each foreign entity every year till the person resident in India is invested in such foreign entity, by December 31st and where the accounting year of the foreign entity ends on December 31st, the APR shall be submitted by December 31st of the next year. 2) The APRs shall not be submitted in the following cases, 98 (i) If a person resident in India is holding less than 10 per cent of the equity capital without control in the foreign entity and there is no other financial commitment other than by way of equity capital. (ii) When the foreign entity is under liquidation, from the date of initiation of the liquidation process. (iii) For the broken period (i.e. full year not completed) at the time of disinvestment. However, the details of transactions if any that had been undertaken during the time from the date of submission of the last APR till the date ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ayments 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 calculated treating the foreign entity as the parent. So, an SDS directly under the foreign entity should be treated as first level SDS. Accordingly, an SDS under the first level SDS would be treated as second level SDS and so on and so forth. 13) In case of Para XII, the structure of SDS should be in compliance with the structural requirements of the foreign entity i.e the structure of such subsidiary/ SDS shall also have limited liability where the foreign entity's core activity is not in strategic sector. The investee entities of the foreign entity where such foreign entity does not have control may not be treated as SDSs and therefore may not be reported. 14) In case of Para XII (vi), if the SDS is engaged in the activity of financial services, the investment shall be in compliance to the provisions contained in Para 2 of Schedule I of OI rules. 15) The activity code as per NIC 1987 and NIC 2008 shall be furnished. 16) The date may be mentioned in format DD/MM/YYYY format.....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... / 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 under: (i) Equity capital/% interest allotted: (ii) Number of employees/ Directors who accepted shares/ interest: b. We, (Indian Company / Office / Branch), hereby declare that: M/s. (foreign company) has repurchased .... (nature) equity capital from our employees /directors under ESOP/ Employee Benefits Scheme during the half year as under: (i) equity capital repurchased: (ii) Number of employees / Directors who sold equity capital/ interest: C. OPI by Mutual Funds (please refer to Para 2 of Schedule IV of OI Rules) Opening balance Purchase/ acquired Sale/ disinvested* Closing balance Remittance from India Repatriatio n to India USD INR USD INR USD INR USD INR USD INR USD INR i Equity ii Debt Instruments iii ADR/GDR 102 iv ETF (Securities) v Mutual Funds vi Others (Specify) Total (C) v vi * The disinvestment amount should correspond to the actual investment amount made and not the sale/market value on which disin....
X X X X Extracts X X X X
X X X X Extracts X X X X
....t. 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 authorized official of the Indian entity approved by the Board or equivalent body, as the case may be/ Mutual Fund/ AIF/ VCF Stamp/Seal Name & designation of the Authorized Official of the Indian entity/ Mutual Fund/ AIF/ VCF Place Date Telephone No. Email ID Instructions for filling up Form OPI 1) In the case of Mutual Funds, the details of Indian entity responsible for filing the Form OPI (i.e Promoter/ AMC of that Mutual Fund, as decided by the Mutual Fund), may be indicated in Section A (details of Indian entity), along with mentioning the name of the Mutual Fund. 2) Section C for Mutual Fund/ AIF/ VCF may be filled in by the Indian entity responsible to file the Form OPI (as designated by the fund). 3) The date may be mentioned in format DD/MM/YYYY format. 4) All amounts should be in actuals only. 105 Part IX: Trade 1) Exports (a) EDF Form (Annex I): Export Declaration Form (EDF) is used to declare export of goods fr....
X X X X Extracts X X X X
X X X X Extracts X X X X
....way 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 operationalization of EDPMS on March 01, 2014, realization of all export transaction for shipping documents after February 28, 2014 should be reported in EDPMS. 99Details of old outstanding bills, prior to March 01, 2014 as reported by AD banks up to half year ended December 31, 2015 have been migrated to EDPMS. Hence, separate reporting of XOS has been discontinued. AD category - I banks are required to mark off / close the XOS data in EDPMS pertaining to period before (pre) March 01, 2014 as and when amount is realised (https://www.edpms.rbi.org.in) (h) AD banks should report write off of export bills through EDPMS to the Reserve Bank. (https://www.edpms.rbi.org.in) (i) EFC (Application for opening foreign currency account with a bank in India or abroad by exporters) (Annex V) (j) To facilitate e-commerce, it has been decided to permit AD Category-l banks to offer the facility of receipt/payment of/for export proceeds/imports by entering into ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....C [ ] BG [ ] Others (advance payment, etc. including transfer/remittance to bank account maintained overseas ) Whether payment to be Received through ACU? [ ] Yes [ ] No Nature of Contract: [ ] FOB [ ] CIF [ ] C&F [ ] CI [ ] Others Other Deduction 108 Packing Charges Net Realisable value EXPORT DECLARATION FORM 4. Applicable for Export under FPO/Couriers Stamp & Signature of Authorised Dealer 5. Declaration by the Exporters (All types of exports) I /We hereby declare that I/we @am/are the seller/consignor of the goods 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/third party represents the export value contracted and declared above. I/We undertake that I/we will deliver to the authorised dealer bank named above the foreign exchange representing the full value of the goods 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. Date: (Si....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 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 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. Place: Date: (Signature of the Designated/ Authorised Official of STPI/EPZ/SEZ ) Name: 110 Designation @ Strike out whichever is not applicable Format of Softex Forms submitted in bulk Summary Sheet Section A Name and address of Exporter IEC Code. Letter of Permission (LOP) No.(STP/EHTP/SEZ/EPZ/100% EOU/DTA Unit) Date of LOP issued Name of Authorised Datacom Service Provider STPI/SEZ centre Name and address of Authorised Dealer/Bank Authorized Dealer Code Section - B List of Invoices for offshore export value through datacom link Period of invoices raised from to Sl SOF TEX No Na....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 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: Authorised Dealer Bank: Address: Seal: 101 Omitted earlier by oversight, now inserted. 113 Along with Progress Report to be submitted by Authorised Dealer Bank on utilization of Long term export Advances (For the year ended March 31, ... .... ) Name and Address of the Exporter: Name and address of the overseas supplier from whom long term advance has been availed of: Name of the Regional Office of Reserve Bank of India to which Report is being submitted: Details of utilization of long term export advance: Total export advances received Projected export performance for the year ended 31.3 ... Actual exports performed Comments/ reasons for shortfall Export outstanding as on 31.3 ... Details of export advance used to adjust the domestic loan, if any, Details of bank guarantee / SBLC issued: Total amount for which BG has been issued Whether invoked Reasons for inv....
X X X X Extracts X X X X
X X X X Extracts X X X X
....t (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 receipts to be credited to the account and payments in foreign exchange (item-wise) to be made from the account under various heads, during the next year. 9. Whether the applicant's name has been/was placed on exporters' caution list at any time. 10. Details of foreign currency loan raised by 11. Any other information that the applicant may like to provide in support of this application. (Signature of Applicant/Authorised Official) Place: Stamp Name: Date: Designation: (Space for Authorised Dealer's comments) Comments of the branch of the bank in India with which the account is proposed to be maintained or which will monitor the operations on account maintained with a bank abroad, as the case may be. (Signature of Applicant/Authorised Official) Place: Stamp Date: Name: Designation: Name and Address of Authorised Dealer: 117 2) Imports (a....
X X X X Extracts X X X X
X X X X Extracts X X X X
....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://www.rbi.org.in/upload/notification/pdfs/52215.pdf) & VOSTRO (https://www.rbi.org.in/upload/notification/pdfs/52216.pdf) (e) 106In terms of para C 12 (1) of Master Direction - Import of Goods and Services (as updated from time to time) AD Banks may allow extension of time in respect of clean credit for import of rough, cut and polished diamonds, for a period exceeding 180 days from the date of shipment to a maximum period of 180 days beyond the prescribed period/ due date. AD banks may submit a half yearly report of such extensions allowed customer-wise, to the respective Regional Office of the Reserve Bank. The half yearly period shall be April-September and October-March and report shall be submitted within 15 days of the end of the respective half year. (f) 107 AD Category - I banks are required to submit a....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e Outlay, if any (No. of days) Amount Realized Amount outstanding Amount paid Amount outstanding 122 108Part 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 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. Name of the mining Company Name of the Importer Entity and IEC No. Amount of Advance Payment made without BG / Standby LC Whether document for evidence of import submitted 1 2 3 Name, Designation & Signature of the authorised official of the bank : Date : Stamp : 108 Inserted vide AP (DIR Series) Circular No.116 dated April 1, 2014. 123 Part X: Guarantees 109 1. Guarantees as per regulation 7 of Foreign Exchange Management (Guarantees) Regulations, 2026 shall be reported - (a) by the surety where he is a person resident in India; or (b) by the principal debtor who has arranged the guarantee and where the surety is a person resident outside India; or (c) by the creditor wher....
X X X X Extracts X X X X
X X X X Extracts X X X X
....date * / / (dd/mm/yyyy) vi. Guarantee Commission (as per the agreement) * Currency: Amount: vii. Where the surety is an AD bank, details of counter guarantee or collateral deposit taken, if any. Name of the counter guarantor/ depositor: Residential status: Resident/ Non-resident Currency of guarantee/ deposit: Amount of guarantee/ deposit: V. vi. Part C: Details of modification/pre-closure (One Part C per guarantee modified) 9. Previously reported guarantee transaction number * 10. Whether amount changed? If yes, provide new amount 11. Whether validity period extended? If yes, provide new validity date 12. Whether pre-closed? If yes, provide the date of closure. Part D: Details of invocation (One Part D per guarantee invocation) 13. Previously reported guarantee transaction number * 14. Date of invocation * / / (dd/mm/yyyy) 15. Amount of liability created towards the surety on invocation and honouring of the guarantee * Currency: Amount: 16. Invocation honoured * a. Yes, Partially b. Yes, Completely c. No 17. Date of payment / / (dd/mm/yyyy) 18. Amount of payment Currency: Amount: 19. Agreed period for extinguishing the resultant....
X X X X Extracts X X X X
X X X X Extracts X X X X
....r 17, 2006 read with A.P. (DIR Series) circular No. 11 dated October 5, 2009, in case of invocation of the guarantee issued for import of services, the Authorised Dealer is required to submit to the Chief General Manager-in-Charge, Foreign Exchange Department, Foreign Investments Division (EPD), Reserve Bank of India, Central Office, Mumbai- 400001 a report on the circumstances leading to the invocation of the guarantee relating to import of services" 111 Numbering updated post issuance of AP (DIR Series) Circular No.1 dated July 07, 2016 112 Deleted/discontinued vide AP (DIR Series) Circular No. 05 dated June 09, 2022. Prior to deletion it read as "Statement for reporting of non-resident guarantees issued and invoked in respect of fund and non-fund based facilities between two persons resident in India (Annex I): A non-resident can guarantee fund and non-fund based facilities availed by one resident from another. A reporting format has been prescribed to capture such guarantees issued and invoked. Authorized Dealer Category-I banks are required to furnish such details by all its branches, in a consolidated statement, during the quarter, as per the format in Annex to the Chie....
X X X X Extracts X X X X
X X X X Extracts X X X X
....th compounding of my/our case. Dated: Name: (Signature of the Applicant) 130 Part XI: Annex II FDI Details to be furnished along with application for compounding of contravention relating to Foreign Direct Investment in India . Name of the applicant · Date of incorporation · Income-tax PAN · Nature of activities under taken (Please give NIC code - 1987 / 2008) · Brief particulars about the foreign investor . Details of foreign inward remittances received by Applicant Company from date of incorporation till date Table A Sl.No. Name of Remitter Total Amount (INR) Date of Receipt Reported to RBI on* Delay if any Total * date of reporting to RBI and not AD Table B Name of Investor Date of allotment of shares Number of shares allotted Amount for which shares allotted Date of reporting to RBI* Delay if any Total * date of reporting to RBI and not AD Table C Sl. No. Name of Remitter Total Amount (INR) Date of Receipt Excess share application money Date of refund of share application money Amount in forex RBI approval letter and date Total 131 Table D Authorised Capital Sl. No. Date Authorised C....
X X X X Extracts X X X X
X X X X Extracts X X X X
....lators if required · Details of APRs submitted: For the period ended; date of submission · Nature of contravention and reasons for the contravention · All supporting documents may be submitted Branch Office / Liaison Office Details to be furnished along with application for compounding of contravention relating to Branch/Liaison Office in India . Name of the applicant · Date of incorporation · Income-tax PAN · Nature of activities undertaken (Please give NIC code - 1987) . Date of approval for opening of Liaison Office/ Branch Office · Validity period of the approval . Income and expenditure of the LO/BO · Dates of submission of Annual activity Certificates · Nature of contravention and reasons for the contravention · All supporting documents may be submitted 133 Part XI: Annex III UNDERTAKING (On the letterhead of the applicant ) *I/We (Name of the applicant) hereby confirm/declare that I/we am/are not under any enquiry/investigation/adjudication by any agency such as Directorate of Enforcement, CBI etc as on the date of this application. I/We further undertake to inform to the Compounding Au....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... under whose jurisdiction the registered office of the applicant NBFC falls. 136 Part XII: Annex Application Form to be submitted by eligible NBFCs to Regional Office of the Reserve Bank for licensing as an Authorised Dealer Category-II under Section 10(1) of FEMA 1999. 1. Name (in full) of the applicant NBFC 2. Registered Address (in full) 3. Regional Office of the Reserve Bank where the applicant NBFC is registered 4. a) Date of establishment of the company b) Names and addresses of the company directors c) Name, designation and address of the Principal Officer nominated in terms of PMLA Rules 5. Whether the applicant had applied earlier for any licence under FEMA 1999. If so, the particulars thereof 6. Details of sister / associated concerns operating in the financial sector 7. Board resolution for undertaking activities permitted to an AD Category II under FEMA along with a brief write up detailing the foreign exchange business proposed to be undertaken as AD Category II 8. Details of the NBFC's internal control mechanism, audit and risk management system proposed to be put in place in respect of foreign exchange operations 9. Address of loca....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... InVi, Form ODI- Part I, Form ODI-Part III, Form FC, Form ECB, Form [7500 + ECB-2, Revised Form ECB or any other return (0.025% × which captures flows or returns which capture A × n)] reporting of non-fund transactions or any other transactional reporting Notes: a) "n" is the number of years of delay in submission rounded-upwards to the nearest month and expressed up to 2 decimal points. b) "A" is the amount involved in the delayed reporting. c) LSF amount is per return. However, for any number of Form ECB-2 returns, delayed submission for each LRN will be treated as one instance for the fixed component. Further, 'A' for any ECB-2 return will be the gross inflow or outflow (including interest and other charges), whichever is more. d) Maximum LSF amount will be limited to 100 per cent of 'A' and will be rounded upwards to the nearest hundred. e) Where an advice has been issued for payment of LSF and such LSF is not paid within 30 days, such advice shall be considered as null and void and any LSF received beyond this period shall not be accepted. If the applicant subsequently approaches for payment of LSF for the same delayed reporting, the date ....