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    FCGPR Pending due to change of purpose code

    Posted By : KAMAL / Published on : 08-Sep-2022 06:43 AM / View : 658 / Comment : 0

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    While credit of amount receive declared wring purpose and result wrong purpose code recorded in the AD BANK and due to this KYC & FIRC Pending to be issued.

    received email for submission of form FC-GPR along with other documents on account of foreign Inward remittance towards capital contribution in the FC-GPR in compliance with the FEMA guidelines issued by the RBI from time to time.

    It has been observed from the Bank’s record that the Form FC-GPR along with other documents is yet to filed by your company against the foreign Inward remittance received on February 17, 2022 .

    Kindly make it convenient by filing the Form FC-GPR along with other documents at the earliest but within 30 days from the date of allotment/ issue of equity instruments through the Single Master Form on the FIRMS portal.

    The form is available on FIRMS portal of Reserve Bank of India.

    Kindly note that non-filing of the return under FDI scheme within the given timeline (30 days from the date of allotment/ issue of equity instruments) would be reckoned as a contravention under FEMA and could attract penal provisions.

    how to change purpose code ?
    Read more on : code purpose change pending fcgpr

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