What the notification does
Updates foreign investment reporting parameters under FEMA (Non-debt Instruments) Rules:
- Reduces turnaround timeline for AD Bank processing of Form FC-GPR and FC-TRS filings to 5 working days.
- Eliminates duplicate submission of valuation certificates where issued by certified Chartered Accountants or SEBI registered valuers.
- Clarifies compounding thresholds for inadvertent delayed reporting within 180 days.
Who it affects
Indian companies raising foreign equity, angel-backed startups, and foreign venture capital funds investing in UP ventures.
Points for finance teams
| ACTION | BY WHEN | OWNER |
|---|---|---|
| Audit foreign inward remittance certificates (FIRCs) from AD bank | Within 30 days of allotment | Finance manager |
| Submit Form FC-GPR on FIRMS portal with CA valuation note | Statutory 30-day window | FEMA consultant |
The firm's note
Streamlines single-window reporting under Foreign Exchange Management Act via FIRMS, synchronising KYC verification between Authorised Dealer Category-I banks and the RBI master reporting engine.
Disclaimer. This note is a summary prepared by M Rishabh & Associates for general information as on 26 October 2026. It is not professional advice. Refer to the official notification for the full text, which prevails in case of any difference. See the full disclaimer.