FC-GPR Filing in IIT Madras, Chennai
Last updated: 15 Oct 2026
Quick Answer: Virtual Auditor files Form FC-GPR on the RBI's FIRMS portal for companies in IIT Madras, Chennai that issue shares to foreign investors, from our head office at Spencer Plaza, Anna Salai, together with the fair-value certificate, the company-secretary certificate and the ROC allotment filing.
IIT Madras: the local picture for FC-GPR Filing
IIT Madras lies in Chennai district, Tamil Nadu. Its business mix is typical of an area built around public institutions and campuses. Nearby areas we also serve include Taramani, Anna University, Raj Bhavan and Guindy. We serve clients in IIT Madras from our head office at Spencer Plaza, Anna Salai. Companies spun out of institutions here sometimes receive foreign grants converted into equity, which needs careful reporting. FEMA reports are filed on the RBI's FIRMS portal through your authorised dealer bank; compounding applications go to the RBI regional office, Chennai. Companies with a registered office in IIT Madras come under the Registrar of Companies, Chennai.
What is Form FC-GPR?
FC-GPR is the RBI report a company files after issuing shares or other equity instruments to a non-resident. It must reach the RBI through your bank within 30 days of allotment.
What are the time limits?
Shares must be allotted within 60 days of receiving the foreign money; otherwise it must be refunded within 15 days. Form FC-GPR is filed within 30 days of the allotment date. The company also files PAS-3 with the ROC within 15 days of allotment.
What goes with the form?
The bank's foreign inward remittance certificate and KYC report on the investor, the board resolution for allotment, a fair-value certificate under the pricing rules, a declaration by the company and a company secretary's certificate on Companies Act compliance. Errors in pricing or dates are the usual reasons forms are returned; late filing attracts a late-submission fee.
Full details of Form FC-GPR, including the law, the process and our method: https://virtualauditor.in/fc-gpr-filing
What you get from Virtual Auditor in IIT Madras
- FC-GPR filing and follow-up with the bank
- PAS-3 filing with the ROC
- FIRMS registration for the company
Documents to keep ready
- Valuation or pricing basis
- Updated shareholding pattern
- Foreign inward remittance certificate and investor KYC from the bank
Indicative Fee Structure
| Service | Fee |
|---|---|
| FC-GPR filing with pricing certificate | From ₹25,000 |
| Consultation | Complimentary 30 minutes |
*Prices are indicative and exclude government fees and taxes. Actual fees depend on scope and complexity; contact us for a fixed quote.
Frequently Asked Questions
What if FC-GPR is filed late?
The RBI accepts it with a late-submission fee calculated on the amount and the delay. Longer delays or other defects may need compounding.
Does FC-GPR apply to rights and bonus issues?
Yes. Any fresh issue of equity instruments to a non-resident, including rights and bonus shares, is reported.
Which offices deal with Form FC-GPR for a business in IIT Madras?
FEMA reports are filed on the RBI's FIRMS portal through your authorised dealer bank; compounding applications go to the RBI regional office, Chennai. Companies with a registered office in IIT Madras come under the Registrar of Companies, Chennai.
Do you also handle Form FC-GPR for businesses near IIT Madras?
Yes. We also work with businesses in Taramani, Anna University, Raj Bhavan, Guindy and Tiruvanmiyur and elsewhere in Chennai, on the same terms and online.
Do I need to visit your office from IIT Madras?
No. We serve IIT Madras from our head office at Spencer Plaza, Anna Salai. Documents are shared securely online, filings are signed with a digital signature, and meetings are by video or at our office by appointment. Call +91 99622 60333 or email support@virtualauditor.in.