Company Bank Account & Capital Funding in India

Opening the company bank account

Choose an AD Category-I bank that can support your inward investment, foreign-parent KYC and ongoing FEMA reporting. The account belongs to the Indian company, not its overseas shareholder. Confirm the bank’s onboarding requirements before arranging the capital transfer.

• Certificate of incorporation (CoI), company PAN and MOA/AOA
• Board resolution authorising the account and signatories
• KYC, address proof and identification of authorised signatories
• Foreign-parent incorporation documents and beneficial-owner information
• Registered-office proof and any additional bank-specific declarations

Opening time depends on complete documents, legalisation, ownership checks and the bank’s onboarding process. There is no single guaranteed timeline. Arrange signatory availability and any in-person verification early.

Bringing in share capital

Remit funds through banking channels with the correct investment purpose and investor details. Check the sector, investment route, FEMA pricing and valuation before issuing shares. There is no statutory minimum paid-up capital for an ordinary private limited company; regulated activities may have separate capital requirements, and the subscribed amount must be paid.

1. 1

   Complete account and investor KYC

   Open the company account, confirm the funding basis and obtain the bank’s transfer instructions.

2. 2

   Remit capital and collect bank evidence

   Retain inward-remittance documentation and remitter KYC; confirm the funds are identified for the intended subscription.

3. 3

   Allot shares and report

   Complete corporate records, applicable valuation and FC-GPR within 30 days of allotment. Coordinate share certificates and commencement requirements.

What is a FIRC (Foreign Inward Remittance Certificate)?

A FIRC certificate is bank-issued evidence of an inward foreign remittance. It records key details such as the remitter, beneficiary, amount, currency and purpose. For inbound FDI, the receiving bank’s accepted remittance evidence helps connect the money received to the investor, share allotment and FEMA report.

Ask the AD bank that received the funds which document it issues for capital remittances. Terminology and format vary: FIRC, e-FIRC or an inward-remittance advice may be used. The bank may provide it directly or through its online portal. Obtain the remitter KYC report through the receiving AD bank, using information from the overseas remitting bank where needed.

EDPMS tracks export transactions and bank reporting; it is not a universal FIRC download route for share capital. Export remittance evidence and export closure are separate from FDI capital reporting. A FIRC or remittance advice evidences receipt — it does not itself approve the investment or replace FC-GPR.

FC-GPR reporting to the RBI

For a reportable repatriable equity allotment, submit FC-GPR through the Single Master Form on the RBI FIRMS portal within 30 days of share allotment, not merely 30 days of receiving the money. Complete entity/user registrations and coordinate submission with the AD bank.

• Allotment details and supporting corporate approvals
• Bank remittance evidence and remitter KYC
• FEMA valuation certificate and pricing support where applicable
• Required declarations and company-secretary certification

Check the form’s current attachments and any permitted valuation exceptions with the adviser and bank. A Schedule IV non-repatriation-basis allotment does not require FC-GPR solely on that basis. Read company registration in India and wholly owned subsidiary in India for the incorporation context.

Funding routes for NRIs

Agree Schedule I (repatriable) or Schedule IV (non-repatriable) under the FEMA (Non-Debt Instruments) Rules, 2019 before funding. NRE/inward funding commonly supports repatriable investment; NRO funds support non-repatriable investment. NRE and FCNR(B) funds or inward remittance can also fund a Schedule IV investment, so an account label alone is not the legal test.

The separate NRO facility permits eligible remittances up to USD 1,000,000 per financial year, subject to FEMA eligibility, tax, documents and AD-bank checks. It does not automatically convert Schedule IV capital or sale proceeds into freely repatriable investment. Dividends and other current income have separate remittance rules after tax.

See NRI company registration in India and profit repatriation from India. After funding, use the post-incorporation compliance hub for recurring filings.

NRE vs NRO accounts (for NRI funding)

For a personal NRE vs NRO vs FCNR account comparison, see the Full NRE vs NRO vs FCNR explainer on NRI Blueprint →.

The NRO USD 1 million facility is subject to eligibility, tax, documentation and AD-bank checks; it does not make Schedule IV capital repatriable. Current income such as rent and dividends has separate remittance rules after tax. Detailed personal NRI banking is covered at NRI Blueprint.

Last reviewed: October 2026 · Reviewed by CA Regi Tom Antony, Regi Tom Antony & Associates. General guidance, not tax or legal advice on your funding route.