Form FC (overseas financial commitment)
The overseas investment form for initial financial commitment, restructuring and disinvestment by a person resident in India.
Standing duty, no filing date
- RBI
- RBI and FEMA
- Form FC
- 2026-09-01
Submit Form FC before the initial overseas direct investment or at the time of the outward remittance or financial commitment, whichever is earlier. Report a restructuring in Section F within 30 days of the restructuring. Report a disinvestment in Section G within 30 days of receiving the proceeds.
Form FC replaced the live functions of Form ODI Parts I and III on 22 August 2022. The current Overseas Investment Master Direction is the version updated 1 April 2026.
Deadlines counted from an event
Submit Form FC to the designated AD bank on or before the initial overseas direct investment. Submit Sections A to E at the time of outward remittance or financial commitment, whichever is earlier. The AD bank must allot a UIN before it remits funds.
Submit Form FC Section F within 30 days of the restructuring.
Submit Form FC Section G within 30 days of receiving the proceeds.
The rule
Submit Form FC to the designated AD bank on or before the initial overseas direct investment. Submit Sections A to E at the time of outward remittance or financial commitment, whichever is earlier. The AD bank must allot a UIN before it remits funds.
Submit Form FC Section F within 30 days of the restructuring.
Submit Form FC Section G within 30 days of receiving the proceeds.
Who must comply
- A person resident in India that makes an overseas direct investment or other financial commitment in a foreign entity
- A person resident in India that restructures or disinvests such an overseas investment
Statutory basis
Before you file
- Select one designated AD bank for all transactions under the UIN.
- Prepare Form FC before the first remittance or acquisition.
- Obtain the UIN before the AD bank remits funds.
How to file
- Give Form FC to the designated AD bank.
- Obtain the UIN before the first remittance.
- Use Section F to report a restructuring within 30 days.
- Use Section G to report a disinvestment within 30 days from receipt of proceeds.
Designated AD Category I bank
Common questions
Does Form ODI Part I or Part III still apply?
No. The 2022 overseas investment framework replaced those forms with Form FC. Their old names survive only in the late-submission-fee matrix for legacy delays.