A CA-issued certificate supporting Form FC-GPR (fresh share allotment to a non-resident) or Form FC-TRS (transfer of shares between resident and non-resident) — pricing guideline and reporting compliance.
This is to certify, in connection with the ___ filing of ___ (PAN: ___) in respect of ___ involving ___, the pricing guideline compliance position, based on the valuation report, share application/transfer documents and books of account produced before us and the information and explanations given to us.
We certify that the issue/transfer price stated above is not less than the fair value determined as per ___ (for a non-resident-to-resident inbound transaction) or not more than the fair value so determined (for a resident-to-non-resident outbound transaction), consistent with the pricing guidelines under FEMA (Non-Debt Instruments) Rules, 2019, and that the transaction is reportable via ___ to the Reserve Bank of India through the Authorised Dealer bank within the prescribed timeline.
This certificate addresses pricing-guideline and reporting-form compliance only for the specific transaction described above. It does not certify the sectoral-cap or entry-route eligibility of the investment (which must be separately confirmed before the transaction is undertaken), nor does it address any income-tax withholding position — that is separately addressed under Form 15CB where applicable. This certificate is based on the information furnished and verified to the extent considered necessary; it does not constitute an audit opinion within the meaning of the Standards on Auditing.
This template follows the format published by the Institute of Chartered Accountants of India (ICAI) in the AASB Audit Working Paper Templates (June 2023), the authoritative reference for Indian statutory-audit documentation. Fill in your firm’s letterhead and the engagement details on the form above, click Download Word file, and you’ll get a fully formatted .docx ready to use.
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