RBI has issued Circular dated 1st February 2016 in A.P. (DIR Series) Circular No.40 with a view to promote ease of reporting of FDI-related transactions.
From 8th February 2016, physical filing of following forms will not be permitted and only online filing under the e - biz platform will be permitted:
- Advance Remittance Form (ARF) which is used by the companies to report the FDI inflows to RBI;
- FCGPR Form which a company submits to RBI for reporting the issue of eligible instruments to the overseas investor against the above mentioned FDI inflow; and
- FCTRS Form which is submitted to RBI for transfer of securities between resident and person outside India.
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