Foreign Investment in India - Rationalisation of reporting in Single Master Form (SMF) on FIRMS Portal - ಆರ್ಬಿಐ - Reserve Bank of India
Foreign Investment in India - Rationalisation of reporting in Single Master Form (SMF) on FIRMS Portal
RBI/2022-23/160 January 04, 2023 To Madam / Sir Foreign Investment in India - Rationalisation of reporting Attention of Authorised Dealer Category-I banks (AD banks) is invited to A.P. (DIR Series) Circular No. 30 dated June 07, 2018. 2. It is advised that the following changes are being implemented with respect to the reporting of foreign investment in SMF on FIRMS portal:
The salient features of the changes made in the system are given in Annex for ready reference. For detailed guidelines, the FIRMS manual available at https://firms.rbi.org.in may be referred to, and the version of manual available at the portal will have the finality in case of any mismatch. 3. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions/approvals, if any, required under any other law. Yours faithfully (N. Senthil Kumar) Auto-acknowledgement of SMF in FIRMS and online calculation of LSF The forms submitted in FIRMS will now be processed as detailed below: All forms submitted with the requisite documents will be auto-acknowledged on the FIRMS portal with a time stamp and an auto-generated e-mail will be sent to the applicant.
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