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RBIRBI and FEMA

FIRMS entity master and business-user upkeep

The standing FIRMS setup that an Indian entity completes before it can submit foreign-investment reports through the Single Master Form.

How this is timed

Standing duty, no filing date

Regulator
RBI
Category
RBI and FEMA
Form
Not specified
Last verified
2026-09-01
Read statutory basisOpen filing portal

Complete the FIRMS entity master before the entity's first Single Master Form filing and keep it current. An Indian entity that has received, or expects to receive, foreign or indirect foreign investment must create the entity master. The Reporting Master Direction does not set a numeric upkeep deadline.

What changed

FIRMS remains the reporting channel for foreign investment. The draft FEMA (Foreign Investment) Rules, 2026 could re-base the forms that depend on the NDI Rules, but the sweep found no portal replacement.

Deadlines counted from an event

These have no calendar date. The clock starts when the event happens.

Standing duty

Complete the entity master before the first Single Master Form filing. Keep the entity master and business-user access current while the entity has or expects foreign or indirect foreign investment.

The rule

Stated as the law states it, so you can work out any period yourself.

Entity master and business-user upkeep

Complete the entity master before the first Single Master Form filing. Keep the entity master and business-user access current while the entity has or expects foreign or indirect foreign investment.

Who must comply

  • An Indian entity that has received foreign investment or indirect foreign investment
  • An Indian entity that expects to receive foreign investment or indirect foreign investment

Statutory basis

Read the provision here where we hold it, or on the regulator's site.

Before you file

  • Identify the authorised person who will register as the business user.
  • Collect the entity details required by FIRMS.

How to file

  1. 1Open FIRMS.
  2. 2Create or update the entity master.
  3. 3Register the business user.
  4. 4Complete these steps before the first Single Master Form filing.

FIRMS Single Master Form portal

Last verified 2026-09-01. Confirm against the official source before you rely on it.