FAQ Page 1 - RBI - Reserve Bank of India
Biennial survey on Foreign Collaboration in Indian Industry (FCS)
Details of survey launch
Ans.: In case the reporting entity does not receive the soft-form of the survey schedule, they may download the same from RBI website www.rbi.org.in---> ‘Regulatory Reporting’-→ ‘List of Returns’-→ ‘FCS – Survey Schedule’ or Forms→Survey or send a request to the email: fcsquery@rbi.org.in.
Some important definitions and concepts
Ans.: Indian company which has entered into an agreement with a foreign entity in terms of technology transfer, know-how transfer, use of patent, brand name etc, then such type of agreement are treated as Foreign Technical Collaborations (FTC).
Ans.: An Indian company is called as a Foreign Subsidiary if a non-resident investor owns more than 50 per cent of the voting power / equity capital or where a non-resident investor and its subsidiary(s) combined own more than 50 per of the voting power / equity capital of an Indian enterprise.
Ans.: An Indian company is called as Foreign Associate if non-resident investor owns at least 10% and no more than 50% of the voting power/equity capital or where non-resident investor and its subsidiary(s) combined own at least 10% but no more than 50% of the voting power/equity capital of an Indian enterprise.
Ans.: An Indian company is said have Pure Technical Collaboration if the company has only foreign technical collaboration and have not received any foreign direct investment.
Some other important points to be noted
Ans.: Please read the definitions of foreign subsidiary, foreign associate, Pure Technical Collaboration and accordingly select the type of reporting company. Further, if you have chosen “Others” in identification of reporting company, please specify.
Ans.: In the FCS form, industry codes are given as per the National Industrial Classification (NIC) (2 digit) codes. Please specify, if you have chosen “Other” industry codes, like Other manufacturing, Other services activities.
Ans.: Yes, it is mandatory. Here the person authorised to fill the form owns the responsibility of information furnished and declares its accuracy including CIN number. It is a final check for all the details which are filled-up in the survey schedule of FCS survey.
Ans.: Please refer to the below table containing the error codes (Fatal error, non-Fatal error) with their descriptions. If you get an acknowledgment of the processed data with any Fatal error codes, then follow the below-mentioned fatal error message/description and revise your data and resubmit it on fcs@rbi.org.in. If you get an acknowledgment of the processed data with any Non-fatal error codes then give justification/clarification on the errors, by sending the same to fcsquery@rbi.org.in.
Sr. No. | Revised- Rejection Criteria | Revised - Error Message/descriptions | Error Code |
Fatal Error | |||
1 | When the year is left blank | The year cannot be left blank. Please specify the reference year and fill the return. | FCS_F_001 |
2 | When the survey year is incorrect | Survey year should be the subsequent survey after the latest closed survey year in the system. Please specify the correct Survey year | FCS_F_001 |
3 | When survey year is null | The survey year cannot be NULL. Please specify the survey year and fill the return. | FCS_F_001 |
4 | When survey year is incorrect | Please specify proper survey year, please fill the form for the survey year | FCS_F_001 |
5 | When survey year is invalid | The year for which the information is pertaining, is invalid survey year. Please mention the reference year for which the return is filled | FCS_F_001 |
6 | When survey year is closed | FCS survey for {year} is closed | FCS_F_001 |
5 | When name of company not provided | Name of company is not provided. Please provide the name of company. | FCS_F_002 |
6 | When CIN Number is not given | CIN number is not provided. Please provide CIN number of the company. | FCS_F_003 |
7 | When telephone number is not given | Please provide the telephone number of contact person. | FCS_F_004 |
8 | When email id is not given | Please provide the email id of the contact person. | FCS_F_005 |
Non-Fatal Error | |||
1 | When type of organization is not given | Please provide the type of organization. | FCS_NF_001 |
2 | Identification of the Reporting company when it is not given | Please specify the Identification of the Reporting company. | FCS_NF_002 |
3 | When economic activity is not given | Please provide the economic activity. | FCS_NF_003 |
4 | Please provide details for country name / equity share. | Please provide details for country name / equity share. | FCS_NF_008 |
5 | When provide details for country name / loan details is not given | Please provide details for country name / loan details. | FCS_NF_009 |
6 | When provide details for country name / amount details is not given | Please provide details for country name / amount details. | FCS_NF_011 |
7 | When the total equity capital of organization is not given | Please provide the total equity capital of the organization. | FCS_NF_004 |
8 | When foreign participation in equity capital cannot be more than total equity capital. | The foreign participation in equity capital cannot be more than total equity capital. | FCS_NF_005_PY |
9 | When foreign participation in equity capital cannot be more than total equity capital. | The foreign participation in equity capital cannot be more than total equity capital. | FCS_NF_005_CY |
10 | When foreign participation in equity capital cannot be more than total equity capital. | The foreign participation in equity capital cannot be more than total equity capital. | FCS_NF_005 |
11 | When Field 2: (2a) cannot be blank for both the years as company is foreign subsidiary. | Field 2: (2a) cannot be blank for both the years as company is foreign subsidiary. | FCS_NF_006 |
12 | When Field 2 cannot be blank for both the years as company is foreign associate. | Field 2 cannot be blank for both the years as company is foreign associate. | FCS_NF_007 |
13 | In part II, block 7, Total value of imports (7.1) cannot be less than sum of imports from foreign parent/associate/collaborator (7.1.1) and imports under collaboration arrangement (7.1.2). | In part II, block 7, Total value of imports (7.1) cannot be less than sum of imports from foreign parent/associate/collaborator (7.1.1) and imports under collaboration arrangement (7.1.2). | FCS_NF_012_PY |
14 | In part II, block 7, Total value of imports (7.1) cannot be less than sum of imports from foreign parent/associate/collaborator (7.1.1) and imports under collaboration arrangement (7.1.2). | In part II, block 7, Total value of imports (7.1) cannot be less than sum of imports from foreign parent/associate/collaborator (7.1.1) and imports under collaboration arrangement (7.1.2). | FCS_NF_012_CY |
15 | In part II, block 7, Total value of imports (7.1) cannot be less than sum of imports from foreign parent/associate/collaborator (7.1.1) and imports under collaboration arrangement (7.1.2). | In part II, block 7, Total value of imports (7.1) cannot be less than sum of imports from foreign parent/associate/collaborator (7.1.1) and imports under collaboration arrangement (7.1.2). | FCS_NF_012 |
16 | In part II, block 7, Exports of goods (7.2.1) cannot be less than sum of export of goods produced under foreign collaboration agreements (7.2.1.1) and exports to/on behalf of/through foreign collaborator/associate (7.2.1.2). | In part II, block 7, Exports of goods (7.2.1) cannot be less than sum of export of goods produced under foreign collaboration agreements (7.2.1.1) and exports to/on behalf of/through foreign collaborator/associate (7.2.1.2). | FCS_NF_013_PY |
17 | In part II, block 7, Exports of goods (7.2.1) cannot be less than sum of export of goods produced under foreign collaboration agreements (7.2.1.1) and exports to/on behalf of/through foreign collaborator/associate (7.2.1.2). | In part II, block 7, Exports of goods (7.2.1) cannot be less than sum of export of goods produced under foreign collaboration agreements (7.2.1.1) and exports to/on behalf of/through foreign collaborator/associate (7.2.1.2). | FCS_NF_013_CY |
18 | In part II, block 7, Exports of goods (7.2.1) cannot be less than sum of export of goods produced under foreign collaboration agreements (7.2.1.1) and exports to/on behalf of/through foreign collaborator/associate (7.2.1.2). | In part II, block 7, Exports of goods (7.2.1) cannot be less than sum of export of goods produced under foreign collaboration agreements (7.2.1.1) and exports to/on behalf of/through foreign collaborator/associate (7.2.1.2). | FCS_NF_013 |
19 | In part II, block 7, Export of services and other foreign exchange earnings (7.2.2) cannot be less than exports to foreign collaborator/associate (7.2.2.1). | In part II, block 7, Export of services and other foreign exchange earnings (7.2.2) cannot be less than exports to foreign collaborator/associate (7.2.2.1). | FCS_NF_014_PY |
20 | In part II, block 7, Export of services and other foreign exchange earnings (7.2.2) cannot be less than exports to foreign collaborator/associate (7.2.2.1). | In part II, block 7, Export of services and other foreign exchange earnings (7.2.2) cannot be less than exports to foreign collaborator/associate (7.2.2.1). | FCS_NF_014_CY |
21 | In part II, block 7, Export of services and other foreign exchange earnings (7.2.2) cannot be less than exports to foreign collaborator/associate (7.2.2.1). | In part II, block 7, Export of services and other foreign exchange earnings (7.2.2) cannot be less than exports to foreign collaborator/associate (7.2.2.1). | FCS_NF_014 |
22 | In part II, block 7, Total value of export on f. o. b. basis (7.2) cannot be less than sum of export of goods (7.2.1) and export of services and other foreign exchange earnings (7.2.2). | In part II, block 7, Total value of export on f. o. b. basis (7.2) cannot be less than sum of export of goods (7.2.1) and export of services and other foreign exchange earnings (7.2.2). | FCS_NF_015_PY |
23 | In part II, block 7, Total value of export on f. o. b. basis (7.2) cannot be less than sum of export of goods (7.2.1) and export of services and other foreign exchange earnings (7.2.2). | In part II, block 7, Total value of export on f. o. b. basis (7.2) cannot be less than sum of export of goods (7.2.1) and export of services and other foreign exchange earnings (7.2.2). | FCS_NF_015_CY |
24 | In part II, block 7, Total value of export on f. o. b. basis (7.2) cannot be less than sum of export of goods (7.2.1) and export of services and other foreign exchange earnings (7.2.2). | In part II, block 7, Total value of export on f. o. b. basis (7.2) cannot be less than sum of export of goods (7.2.1) and export of services and other foreign exchange earnings (7.2.2). | FCS_NF_015 |
25 | when company has foreign technical collaboration agreements, please provide the number of agreements. | Since your company has foreign technical collaboration agreements, please provide the number of agreements. | FCS_NF_016 |
26 | agreement details by providing information on all fields need to be filled | Please provide the agreement details by providing information on all fields. | FCS_NF_017 |
27 | Incomplete information. Please provide the agreement details for all the foreign technical collaboration agreements mentioned in field 11(b). | Incomplete information. Please provide the agreement details for all the foreign technical collaboration agreements mentioned in field 11(b). | FCS_NF_018 |
Page Last Updated on: December 10, 2022