New Portal for E-Filing of Applications for Foreign Direct Investment
New Upgraded and Secure Portal for E-Filing of Applications for Foreign Direct Investment Launched
Department of Economic Affairs, Ministry of Finance launched here today a new upgraded and secure user friendly web site for filing and processing of applications for Foreign Direct Investment (FD) requiring Government approval. Presently the applications are filed online at www.fipbindia.com which had limited features and processing capabilities. The new website http://fipb.gov.in, which becomes operational from today, shall henceforth receive applications regarding FDI in approval route sectors.
With the introduction of the new website, applicant will have to submit only SINGLE copy of the application for records with the FIPB Secretariat instead of 15-18 copies being filed earlier.
The initiative is part of the Government’s ongoing efforts for Good Governance by enhancing transparency and accountability in its procedures and is a step towards Minimum Government and Maximum Governance. The innovative features of the website are:
1. Global Reach -Apply from anywhere in the world! Access your status from anywhere in the world!
2. E-communication – communication between the applicant, FIPB and other ministries/ departments is online.
3. Quicker communication- All the correspondence including updates/ decisions are communicated through SMS/emails and thus eliminating physical delivery and loss of time due to postal delays.
4. Less Paperwork – Single signed copy only needed (for record) instead of present multiple sets of the application.
5. SMS/email alert- Regular alerts are sent to the applicants related to the queries raised by the administrative ministries, inclusion of the proposal in the scheduled FIPB meeting and decisions.
6. Transparency and security- all transactions and correspondences are recorded online and are secure.
7. Query module- Any doubts? A user can raise a query online which shall be replied by the relevant ministry. (Source- PIB)
procedure as follows
Please read these instructions before you proceed with e-filing
1. Applications seeking FIPB approval as an investee or investor company for the first time are called "Fresh Applications". Applicants may, therefore, click on the "Fresh Application" link in case they are approaching FIPB for the first time.
2. "Amendment Applications" are those which seek an amendment to the FIPB approval already granted. 3. On submission of the Mandatory Preliminary Application, whether for Fresh or Amendment cases, a computer generated unique (FC Registration No.) number shall be allotted. Thereafter, the applicant may either use the FC Registration No. to proceed for filing the on-line application or mention this number on the hardcopy of the application to be submitted at the FIPB Facilitation Center, Near Gate No. 9, North Block, New Delhi-110001 (Tel: 011 23095123/ 4031; Intercom: 5123). The applicant must also quote this number in all future correspondences with the FIPB. 4. For Amendment Applications which are procedural in nature, users may click "Amendment Application which is procedural in nature"and submit in the prescribed proforma.
5. All proposals submitted to FIPB henceforth (both e-filing & hard copy) must quote the earlier Foreign Collaboration Number issued by FIPB for ease of reference. In case no FC approval has been issued to the company earlier, the same may be clearly mentioned. The company has also to quote the foreign collaboration number issued by FIPB Unit of their group companies also. A company should hold only one Foreign Collaboration approval.
6. For Submission of information for intimation/ record of FIPB, including information with respect to P.N. 4/2009 user may click"Submission of information for intimation / record of FIPB" and submit in the respective format. 7. Any query pertaining to application filed or in the process of being filed, may be asked through the link – "Clarification/Query". 8. In case an applicant wishes to make a change in the recently submitted application, that has not been processed, he/she may click on the link "Updation/Additional Information Form". Additional details being sought by the FIPB may also be submitted through the same link. 9. It is mandatory to file complete details of the Directors in applications seeking FIPB approval to enable capturing the inputs in the first instance for expeditious processing from the security angle. This requirement is also mandatory in case the foreign collaborator has Pakistan, Bangladesh, Chinese/ Hong Kong registration/links. To provide these details kindly click HERE.
10. Proposal in Pharmaceutical Sector are requested to furnish the details of Activity of Investee Company in the following format clickHERE. The applicant is requested to send the required information in the proforma annually to National Pharmaceutical Pricing Authority (NPPA), YMCA Cultutral Centre Building, 1 Jai Singh Road, New Delhi. Failing to which, it would be constructed as non-compliance of conditionalities. A 'non-compete' clause would not be allowed except in special circumstances with the approval of the Foreign Investment Promotion Board. For Certificate regarding non-compete clause ClickHERE
11. After e-filing the application, the requisite number, as mentioned below, bearing the Unique FC Registration No. generated after submitting the Mandatory Preliminary Application, in original, with all annexures should immediately be sent by post at FIPB Facilitation Center, North Block, New Delhi-110001.
12. Only the applications that are complete in all respect, filed three weeks prior to the scheduled date of the FIPB meeting, only, shall be taken up for consideration in that meeting. | ||||||||||||||||||||||||
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