Foreign Investment in India - Rationalisation of reporting in Single Master Form (SMF) on FIRMS Portal

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....Dealer Category-I banks (AD banks) is invited to A.P. (DIR Series) Circular No. 30 dated June 07, 2018. 2. It is advised that the following changes are being implemented with respect to the reporting of foreign investment in SMF on FIRMS portal: i. The forms submitted on the portal will be auto-acknowledged. The AD banks shall verify the same within five working days based on the uploaded docum....

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....enthil Kumar) General Manager-in-Charge Annex Auto-acknowledgement of SMF in FIRMS and online calculation of LSF The forms submitted in FIRMS will now be processed as detailed below: All forms submitted with the requisite documents will be auto-acknowledged on the FIRMS portal with a time stamp and an auto-generated e-mail will be sent to the applicant. i. The forms submitted within prescri....