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Capital Account Certificate in Delhi

Reviewed by CA and CS Team, Patron Accounting LLP ICAI & ICSI Registered| 15+ Years Experience| Last Updated: Verify Credentials →

What it is: CA certification of FEMA capital-account transactions, with UDIN.

Supports: FC-GPR (FDI), ECB drawdown reporting, and FC-TRS (share transfers).

For: companies with FDI, ECB or foreign-currency loans, and cross-border share deals.

Fees: starting from INR 2,499 (excl. GST and govt. charges).

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Overview: Capital Account Transactions under FEMA

📌 TL;DR - Capital Account Certificate Services at a Glance

A capital account transaction under FEMA changes assets or liabilities across borders - FDI, ECB, share transfers, ODI. These are restricted unless permitted and must be reported to the RBI, usually with CA certification. The Capital Account Certificate is that CA attestation, supporting forms like FC-GPR, ECB-2, and FC-TRS.

Raising foreign investment, drawing down an ECB, or transferring shares across borders? These are capital account transactions under FEMA, and they need accurate CA-certified reporting to the RBI. We provide the Capital Account Certificate - the CA certification that supports your FC-GPR, ECB, and FC-TRS filings - so your foreign-currency transactions are reported correctly and you avoid steep FEMA penalties.

Every rupee that crosses an Indian border as investment or borrowing is a capital account transaction, and the RBI wants it reported accurately and on time. A CA certificate gives the AD bank and the RBI confidence that the transaction and its valuation are correctly stated. This sits within broader FDI compliance and pairs with the annual FLA returns.

Content is reviewed quarterly for accuracy.

What Is a Capital Account Certificate

A Capital Account Certificate is a certificate from a practising Chartered Accountant attesting the details of a capital account transaction under FEMA - the amount, the parties, the pricing, and its compliance with the applicable RBI regulations - to support reporting to the RBI.

It is not a single RBI form by that exact name; rather, it is the CA-certification layer that accompanies the statutory filings - FC-GPR when shares are issued to a foreign investor, FC-TRS when capital instruments are transferred, and the reporting around an ECB drawdown. The certificate carries a UDIN for verification.

Key Terms for Capital Account Certificate:

Capital account transaction: one that alters cross-border assets or liabilities (FDI, ECB, transfers, ODI).
FC-GPR: Foreign Currency Gross Provisional Return - filed within 30 days of allotting shares to a foreign investor.
FC-TRS: the form for transfer of capital instruments between residents and non-residents.
ECB: External Commercial Borrowing - a foreign-currency loan, reported monthly via ECB-2.
FIRMS portal: the RBI's online portal for FEMA reporting through the AD bank.
Section 13 penalty: up to three times the sum involved for FEMA contraventions.

FEMA capital-account CA-Certified for the RBI

Who Needs It

Any entity engaging in a cross-border capital transaction. The buyer is the CFO, founder, or finance head of a company with foreign investment or borrowing.

Companies receiving FDI - certification supporting the FC-GPR on share allotment.
ECB and foreign-loan borrowers - certification around drawdown and ECB reporting.
Parties to share transfers - resident-to-non-resident or vice versa, for FC-TRS.
Foreign subsidiaries and WOS - at incorporation and each subsequent capital infusion.

What Patron Accounting Delivers

Service	What We Do
Capital Account Certificate	Attesting the transaction and its FEMA compliance, with UDIN.
FC-GPR support	Certification and filing for FDI share allotments within 30 days.
ECB reporting	Drawdown documentation and the monthly ECB-2 return.
FC-TRS support	For cross-border transfers of capital instruments.
Valuation coordination	Working with a SEBI-registered Merchant Banker or CA where pricing certification is needed.
End-to-end FEMA compliance	Through our FDI compliance team.

Our Process

Process: 6 Steps to Your Certificate

From sharing the transaction to maintaining records, here is how the certification and FIRMS filing work.

Step 1

Share the transaction

Tell us the type - FDI, ECB, or transfer - amount, parties, and dates.

FDI / ECB / transfer Amounts and dates

Transaction Shared 01

Step 2

Check compliance

We confirm the route, sectoral limits, and FEMA pricing requirements.

Route and limits Pricing rules

Compliance Checked 02

Step 3

Coordinate valuation

Where needed, we arrange the Merchant Banker or CA valuation.

MB / CA valuation FEMA pricing

Valuation Done 03

Step 4

Issue the certificate

The CA attests the transaction with a UDIN.

CA attestation 18-digit UDIN

Certificate Issued 04

Step 5

File on FIRMS

The FC-GPR, FC-TRS, or ECB reporting is filed via the AD bank within the deadline.

FIRMS portal Within deadline

Filed 05

Step 6

Maintain records

Documentation is kept for FEMA audit and the annual FLA return.

FEMA audit trail FLA return

Records Kept 06

Documents Checklist

Board resolution for the allotment, transfer, or borrowing.
FIRC or FIRA evidencing receipt of foreign funds.
Valuation report from a SEBI-registered Merchant Banker or CA, where applicable.
Share certificates, agreements, or loan documents.
KYC of the non-resident party and FDI/ECB approval, where required.
Company incorporation and FIRMS portal registration details.

Common Challenges and How We Solve Them

Challenge	Impact	How Patron Accounting Solves It
Missed FC-GPR deadline	We file within 30 days and, where a delay occurred, guide the compounding process.
Wrong pricing or valuation	We coordinate a compliant Merchant Banker or CA valuation to meet FEMA pricing rules.
FIRMS portal errors	We handle registration and accurate entry so the AD bank and RBI accept the filing.
Penalty exposure	Accurate, timely certification reduces the Section 13 risk of up to 3x the sum involved.

Fees for the Capital Account Certificate

Fee Component	Amount
Patron Accounting Professional Fees	Starting from INR 2,499 (Exl GST and Govt. Charges)
Government / statutory charges	No prescribed RBI fee for the certificate itself; AD bank and FIRMS filing costs, where any, are separate.
ECB / multi-party / valuation	Quoted above the starting fee, reflecting transaction complexity and any required valuation.

All fees and charges listed are indicative only and do not constitute a binding offer. Final amounts may vary depending on the volume of work and the complexity involved.

Professional service charges for drafting, filing, and representation are separate from the statutory fees. The exact fee depends on the complexity of the case, disputed amount, and number of hearings required. Contact us for a detailed quote.

Get a free Capital Account Certificate consultation - Call +91 945 945 6700 or WhatsApp us. No-obligation assessment.

How Long It Takes

Stage	Estimated Timeline
Documents and valuation ready	Certificate typically issued within a few working days.
FIRMS filing	Follows within the statutory deadline (FC-GPR 30 days, FC-TRS 60 days).
ECB / multi-party transactions	Take longer - mapped to your reporting deadline up front.

                    
                    Deadlines are statutory. FC-GPR is due within 30 days of allotment and FC-TRS within 60 days of transfer - we map the certificate and FIRMS filing to those deadlines from the outset so nothing becomes a contravention.

Key Benefits

Why Use a Professional CA Firm

Penalties are multiples, not flat

A late FC-GPR or mispriced transfer can attract up to three times the sum involved under Section 13 - rarely small in a cross-border deal. Timely certification is the guard.

Comfort for the AD bank and RBI

The CA certificate is what gives the AD bank and the RBI confidence that the transaction and its valuation are correctly stated.

Certification and filing, end to end

We handle the certification and the FIRMS filing accurately, so a funding round or borrowing does not turn into a compounding problem later.

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10,000+ Businesses | 4.9 Google Rating | 50,000+ Documents Processed | 15+ Years. Trusted by Hyundai, Asian Paints, and Bridgestone, among others. With offices in Pune, Mumbai, Delhi, and Gurugram, Patron Accounting serves businesses across India - both in-person and remotely.

Capital vs Current Account Transactions

Factor	Capital Account	Current Account
Affects	Cross-border assets or liabilities	Trade and routine flows
Examples	FDI, ECB, share transfer, ODI	Imports, exports, services
FEMA stance	Restricted unless permitted	Generally permitted
Reporting	FC-GPR, FC-TRS, ECB	Routine bank documentation

Related Services

FDI Compliance - end-to-end FDI reporting and FEMA compliance.
FLA Returns - the annual foreign liabilities and assets return.
Statutory Audit - audited financials behind the reporting.
Pvt Ltd Company Compliance - ongoing corporate compliance for companies with FDI.
Issue of Shares - share allotment behind an FC-GPR filing.
Transfer of Shares - the transfer behind an FC-TRS filing.

Legal and Compliance Framework

Statute: Foreign Exchange Management Act, 1999, administered by the RBI.
Nature: capital account transactions are restricted unless permitted under the applicable schedules.
Forms: FC-GPR (30 days), FC-TRS (60 days), ECB-2 (monthly), FLA (15 July), via the FIRMS portal and AD bank.
Valuation: pricing per FEMA guidelines, certified by a SEBI-registered Merchant Banker or CA where required.
Penalty: up to three times the sum involved under Section 13; daily fines for continuing default.
Certifier and UDIN: practising CA; UDIN mandatory since 1 July 2019.

References: the framework and the FIRMS portal are administered by the Reserve Bank of India (FEMA, 1999); CA certificates are authenticated via ICAI UDIN.

What is a capital account transaction under FEMA?

It is a transaction that alters assets or liabilities outside India for a resident, or inside India for a non-resident - such as foreign direct investment, External Commercial Borrowings, transfer of shares between residents and non-residents, and overseas direct investment. These are restricted unless permitted under FEMA.

What is a Capital Account Certificate?

It is a Chartered Accountant's certificate attesting the details and FEMA compliance of a capital account transaction, used to support the statutory reporting - FC-GPR for FDI, FC-TRS for transfers, and ECB reporting. It is not a single RBI form by that name but the CA-certification layer accompanying these filings.

When must FC-GPR be filed?

Form FC-GPR must be filed on the RBI FIRMS portal within 30 days of allotting shares to a foreign investor. Late filing is a compoundable FEMA contravention, so timely certification and filing matter to avoid penalties.

Capital account certificate kya hota hai?

Yeh CA ka certificate hota hai jo FEMA ke capital account transaction - jaise FDI, ECB, ya share transfer - ki details aur compliance ko attest karta hai, aur FC-GPR, FC-TRS, ya ECB reporting ko support karta hai. Yeh RBI ka koi single form nahi, balki CA certification layer hai, UDIN ke saath.

How are ECB transactions reported?

External Commercial Borrowings are reported to the RBI through an AD Category-I bank in the monthly ECB-2 Return for as long as the borrowing is outstanding. Drawdown and related details are documented, and CA certification supports accurate reporting.

What is the penalty for non-compliance?

Under Section 13 of FEMA, a contravention can attract a penalty of up to three times the sum involved where it is quantifiable, or up to Rs 2 lakh where it is not, along with daily fines for continuing default. Accurate, timely reporting is the way to avoid this.

What is the difference between capital and current account transactions?

Capital account transactions change cross-border assets or liabilities - FDI, ECB, transfers - and are restricted unless permitted. Current account transactions cover routine trade and operational flows and are generally permitted. They are reported and regulated differently under FEMA.

Who can issue the certificate?

A practising Chartered Accountant registered with ICAI, holding a valid Certificate of Practice. The certificate carries the CA's seal, FRN, and an 18-digit UDIN that the AD bank and the RBI can verify online.

Quick Answers

What is it? CA certification of FEMA capital-account transactions.

Supports? FC-GPR, FC-TRS, and ECB reporting.

Deadlines? FC-GPR 30 days, FC-TRS 60 days, ECB-2 monthly.

Penalty? Up to 3x the sum involved under Section 13.

Starting fee? INR 2,499 (excl. GST and govt. charges).

Funding Round or Borrowing to Report?

A late or mispriced FEMA filing on a funding round or an ECB can turn into a contravention worth multiples of the amount involved. If you have FDI to report, an ECB drawdown, or a cross-border transfer, share the details and we will certify the transaction and file it on the FIRMS portal within the deadline.

Get Your Capital Account Certificate in Delhi

Capital account transactions are where cross-border money meets FEMA, and the reporting has to be accurate, correctly priced, and on time. The Capital Account Certificate is the CA attestation that supports your FC-GPR, ECB, and FC-TRS filings and gives the RBI and your AD bank confidence in the transaction.

Patron Accounting handles the certification and reporting end to end, bringing over 15 years of audit and certification experience to each engagement. Call +91 945 945 6700.

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Capital Account Certificate Across India

Helping companies certify and report FEMA capital-account transactions in major cities - in person and remotely.

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Content Created: 9 June 2026 | Last Updated: | Next Review: 9 December 2026 | Reviewed By: CA & CS Team, Patron Accounting LLP

This page is reviewed every six months (Tier 2) to re-check FEMA forms, the FIRMS portal, and ECB norms, and updated whenever the regulations or fees change.

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