FOREIGN DIRECT INVESTMENT- REPORTING OF ISSUE/TRANSFER OF SHARES TO/BY A FVCI - CLARIFICATION

ISSUING AUTHORITY : RESERVE BANK OF INDIA

DATE OF ISSUE : 12/06/2013

CIRCULAR NO. 110

The said Circular clarifies that wherever a SEBI Registered Foreign Venture Capital Investor (FVCI) acquires Shares of an Indian Company under FDI Scheme under Notification No FEMA 20/2000-RB dated May 3, 2000 as amended from time to time;

1. In terms of Schedule 1 - Such investments have to be reported in the form FC-GPR/FC-TRS only, as applicable.
2. In terms of Schedule 6 - No FC-GPR/FC-TRS reporting is required, such transactions would be reported by the custodian bank.

Revised FC-GPR and FC-TRS are annexed to the said Circular.

For detailed Circular, log on to the Link given below

A.P. (DIR SERIES) CIRCULAR NO. 110 DATED 12/06/2013