RBI: Submission requesting for resolution of issues faced by Industry while filing forms through FIRMS portal

As you may be aware, the Reserve Bank of India (RBI) recently introduced the Foreign Investment Reporting and Management System (FIRMS portal) to simplify foreign investment reporting by Indian entities by consolidating 9 different forms viz., FC-GPR Form, FC-TRS Form, LLP (I) Form, LLP (II) Form, CN Form, DRR Form, ESOP Form, DI Form and INVI Form, in one master form namely Single Master Form.

Based on feedback from Industry, we have highlighted the following issues faced by the Industry while undertaking compliances on FIRMS portal: