🌍 FCGPR Filing under FEMA – What Every Company Should Know

 

If your company receives investment from a foreign investor, filing FCGPR is a mandatory FEMA compliance. 

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📌 What is FCGPR?

FCGPR (Foreign Currency-Gross Provisional Return) is a form filed with RBI when an Indian company issues shares to a foreign investor.

It is basically an intimation to RBI about foreign investment received and shares allotted.

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📅 When should FCGPR be filed?

FCGPR must be filed within 30 days from the date of allotment of shares to the foreign investor.

Example:
If shares are allotted on 10 March, FCGPR must be filed on or before 9 April.

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🎯 Why is FCGPR filed?

It is filed to:

• Inform RBI about foreign investment
• Ensure FEMA compliance
• Record foreign shareholding
• Avoid penalties and legal issues

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⚠️ Consequences of Non-Filing or Delay

Non-filing or delayed filing is treated as FEMA contravention.

Company may face:

• Late Submission Fee (LSF)
• Heavy penalties
• Compounding proceedings
• Issues in future foreign funding

Timely compliance is critical.

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🤝 How We Help You in FCGPR Compliance

We provide end-to-end support to ensure smooth and compliant filing:

✔ Advisory on FEMA provisions
✔ Verification of foreign investment and pricing guidelines
✔ Preparation of FCGPR and supporting documents
✔ Filing on RBI FIRMS Portal
✔ Handling RBI queries, if any
✔ Support for delayed filings and regularisation

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📞 For professional assistance in FCGPR filing and FEMA compliance, feel free to contact us.

CA Ramakrishna Sanjay
+91 77602 52581

eBRC – A Crucial Compliance for Exporters Simple Guide

eBRC – Complete Guide for Exporters

Unlock Export Benefits, GST Refunds & Ensure FEMA Compliance

What is eBRC?

Electronic Bank Realisation Certificate (eBRC) is a digital proof issued on DGFT portal confirming receipt of foreign currency against exports.

It is mandatory to claim export incentives and GST refunds.

Why eBRC is Important?

Export Incentives

Claim SEIS and RoDTEP benefits

GST Refund

Mandatory for refund processing

FEMA Compliance

Proof of foreign payment receipt

Department Audit

Required during scrutiny

Risk if Not Generated

Loss of export benefits

GST refund rejection

FEMA non-compliance

Department notices

How We Help Exporters

✔ eBRC generation

✔ GST refund assistance

✔ FEMA compliance support

✔ Export advisory and compliance

Contact for Professional Assistance

WhatsApp Now Call Now

Professional Export Compliance Advisory

📈Why Tejas Networks Share Went Up Today

Market Watch · February 26, 2026

Tejas Networks Surges on 5G Massive MIMO Deal with NEC

▲ +16.18%

Intraday high ₹381.35 · NSE: TEJASNET

TEJASNET ₹378.00 +16.18% NEC Partnership Announced 5G Massive MIMO Radios PLI Incentive ₹69.97 Cr Received Atmanirbhar Bharat Push 4-Day Losing Streak Snapped TEJASNET ₹378.00 +16.18% NEC Partnership Announced 5G Massive MIMO Radios PLI Incentive ₹69.97 Cr Received Atmanirbhar Bharat Push 4-Day Losing Streak Snapped

On February 26, 2026, shares of Tejas Networks Ltd rocketed as much as 16% in a single session — snapping a four-day losing streak — after the Tata Group-owned telecom equipment maker announced a landmark strategic partnership with Japan's NEC Corporation to manufacture and supply carrier-grade 5G Massive MIMO radios for global markets.

Intraday Surge

+16.18%

High: ₹381.35 on NSE

Market Cap

₹6,690 Cr

As of Feb 26, 2026

PLI Received

₹69.97 Cr

FY 2024–25 incentive

52-Week Range

₹294 – ₹914

Still far from peak

What is Tejas Networks?

📡

5G Signal

Tejas Networks is a Bengaluru-based telecom equipment company, part of the Tata Group, that designs and manufactures networking products like optical networking gear, broadband access equipment, and now 5G radio access network (RAN) hardware. It is publicly listed on Indian stock exchanges and has been one of India's key bets in the global 5G supply chain race.

The company operates under India's Production Linked Incentive (PLI) scheme for telecom products — a government initiative that rewards domestic manufacturers with cash incentives to reduce India's dependence on foreign telecom gear, particularly from Chinese vendors.

The NEC Deal: Why It Matters

The headline catalyst on February 26 was the announcement of a strategic agreement with NEC Corporation, one of Japan's largest technology conglomerates with deep roots in global telecom infrastructure. Under this deal, Tejas will manufacture carrier-grade 5G Massive MIMO radios for NEC, which will then deploy them through its global telecom network relationships.

Massive MIMO (Multiple Input, Multiple Output) is the backbone of 5G performance — arrays of dozens to hundreds of antennas that dramatically boost network capacity, speed, and efficiency. Making these at scale, in India, is a significant industrial milestone.

— 5G Technology Context

The partnership is designed to be long-term and collaborative — both companies plan to co-create next-generation 5G and 5G-Advanced solutions, positioning Tejas not just as a manufacturer but as a genuine technology partner in the global Open RAN ecosystem.

Quarterly Financials at a Glance

Despite the share price surge, Tejas Networks' recent financials tell a challenging story — making this rally a forward-looking bet, not a reflection of current earnings.

Rev

₹627Cr

Profit

+ve

Q3 FY25

→

Rev

₹74Cr

Loss

-₹197Cr

Q3 FY26

Revenue collapsed roughly ~88% YoY in Q3 FY26, and the company posted a net loss of ₹196.55 crore. The NEC deal is viewed by analysts as a potential turning point for recovery.

Revenue Profit Net Loss

4 Key Catalysts Behind the Surge

🤝

NEC Strategic Partnership

Tejas Networks signed an agreement with Japan's NEC Corporation to manufacture and supply carrier-grade 5G Massive MIMO radios. The deal positions Tejas as a globally credible 5G hardware supplier and opens doors to NEC's worldwide telecom customers.

🌏

Global Supply Chain Diversification

Western and Asian telecom operators are actively seeking alternatives to dominant Chinese vendors (Huawei, ZTE). Tejas, leveraging India's "Atmanirbhar Bharat" manufacturing push, is emerging as a credible alternative, tapping into a multi-billion dollar market shift.

💰

PLI Incentive of ₹69.97 Crore

On February 18, 2026, Tejas received ₹69.97 crore as the balance incentive for FY 2024–25 under the government's PLI scheme for telecom products, providing a near-term financial cushion ahead of the NEC announcement.

📈

Market Sentiment Rebound

The stock had been on a four-day losing streak before this announcement. The news acted as a powerful sentiment catalyst, with Tejas significantly outperforming both the broader Sensex index and the telecom sector on the day.

🏭

India's PLI Scheme: Fueling Domestic 5G Manufacturing

The Production Linked Incentive (PLI) scheme for telecom products was launched to help Indian manufacturers compete globally. Tejas is one of the primary beneficiaries, receiving incentives for hitting domestic production targets — creating a virtuous cycle of investment and output.

₹69.97 Crore received · Feb 18, 2026

The Other Side: Risks to Watch

⚠️ Financial Headwinds Remain Significant

Despite the excitement, investors should be clear-eyed: Tejas Networks reported a consolidated net loss of ₹196.55 crore for Q3 FY26 (October–December 2025), with revenue falling approximately 88% year-on-year. The stock is still down roughly 16% since January 1, 2026, and sits far below its 52-week high of ₹914.40. The NEC deal is a positive signal, but revenue materialisation from manufacturing partnerships can take several quarters. Investors should treat this as a high-conviction, high-risk play on India's 5G future — not a near-term earnings recovery story.

The Bottom Line

Tejas Networks' 16%+ surge on February 26, 2026 is a story about future potential, not present profits. The NEC partnership represents exactly the kind of anchor relationship the company needs to commercialise its 5G manufacturing capabilities and begin generating meaningful revenue. With PLI cash in hand, Tata Group backing, and global appetite for supply chain diversification at an all-time high, Tejas is strategically well-placed — even if the financial results need to catch up.

The real test will be in the coming quarters: Can Tejas convert the NEC partnership into production volumes, shipments, and eventually — profits?

📊 This blog is for informational purposes only and does not constitute investment advice.

Data sources: NSE, Moneycontrol, Angel One, Univest · Published February 26, 2026

Tejas Networks Ltd (NSE: TEJASNET) · Tata Group Company · Bengaluru, India

👨‍👩‍👧‍👦 HUF Creation – A Powerful Tax Planning Tool for Families

💡 Did you know? Your family itself can be a separate taxpayer under Income Tax law!

A Hindu Undivided Family (HUF) is a legal entity that helps families save tax and build wealth efficiently.

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📌 What is HUF?

A HUF is a separate legal person created automatically in a Hindu family.

It includes:

✔ Husband
✔ Wife
✔ Children

The senior-most male or female member becomes the Karta.

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🎯 Major Tax Benefits of HUF

✅ Separate PAN Card
✅ Separate Income Tax Return
✅ Separate basic exemption limit ₹2,50,000
✅ Claim deductions under 80C, 80D etc
✅ Family income can be distributed legally

💰 This means additional tax saving for the same family

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📊 Example – Tax Saving

Without HUF:

Father income: ₹10,00,000

With HUF:

Father income: ₹7,00,000
HUF income: ₹3,00,000

➡ Overall tax liability reduces significantly

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🏦 What HUF Can Do?

HUF can:

✔ Open Bank Account
✔ Invest in Shares, Mutual Funds
✔ Purchase Property
✔ Run Business

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📋 Documents Required

📄 PAN Application
📄 HUF Deed
📄 Karta PAN
📄 Address Proof

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⚠ Important Point

HUF should have own income source

Examples:

• Gift received
• Ancestral property
• Investments

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🎯 Who Should Create HUF?

✔ Salaried persons
✔ Business owners
✔ High income families
✔ Families doing investments

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🤝 We Help You With

✔ HUF Creation
✔ PAN Application
✔ Deed Drafting
✔ Bank Account Opening Support
✔ Tax Planning using HUF

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☎ Contact Us Today

📞 77602 52581
📍 Bangalore

Save tax legally. Build family wealth smartly.

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🏛️ Board Meeting – Mandatory Legal Requirement for Every Company

Compliance Updates 2026 Live

Board Meetings

Under Companies Act, 2013: The Foundation of Corporate Governance

A Board Meeting is not just a gathering; it is a statutory mandate. It is where the vision of a company meets the rigor of law. Failure to comply is no longer an option in the modern regulatory era.

📅 Frequency Requirements

Public / Private Limited:
Min 4 Meetings per year.
Gap must not exceed 120 days.

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Small Company / OPC:
Min 2 Meetings per year (one in each half calendar year).

👥 Quorum & Notice

Notice: Minimum 7 Days prior notice is mandatory to all directors.

Quorum: Minimum 2 Directors or 1/3rd of total strength (whichever is higher).

🧾 Key Decisions & Compliance

• Financial Statements
• Opening Bank Accounts
• Taking Loans / Investments
• Auditor Appointment
• Minutes Preparation
• ROC Documentation

⚠️ Risk of Non-Compliance

Ignorance of Board Meeting protocols can lead to heavy penalties on both the Company and its Directors, including disqualification in severe cases.

📞 Call Now 💬 WhatsApp 📧 Email Us ✉️ SMS

#CompaniesAct2013 #BoardMeeting #ROCCompliance #CorporateCompliance #CompanyLaw #StartupCompliance

🏢 Company Deposit Rules – What Every Business Owner Must Know

● Compliance Alert 2026

Company Deposit Rules: What Every Director Must Know

Avoid heavy penalties and ensure your business funding is legally compliant.

In the landscape of Indian Corporate Law, how you bring money into your company matters more than how much you bring in. Under the Companies Act, 2013, simple loans can often be misclassified as "Deposits," triggering massive legal headaches.

📌 What exactly is a "Deposit"?

Simply put, a deposit is any money received by a company as a loan or advance. However, the law provides specific exemptions. If your funding doesn't fall into an "Exempt" category, it's a deposit—and deposits come with heavy strings attached.

✅ Safe (Exemptions)

• Loans from Directors (from own funds)
• Loans from Shareholders (Pvt Ltd)
• Loans from Banks/NBFCs
• Inter-corporate loans

⚠️ Risk Area (Deposits)

• Loans from outsiders
• Public funding without circulars
• Unadjusted business advances (>365 days)

🚨 The Price of Non-Compliance

The Ministry of Corporate Affairs (MCA) does not take deposit violations lightly. The consequences are severe:

• For the Company: Minimum fine of ₹1 Crore or twice the deposit amount.
• For Directors: Up to 7 years of imprisonment plus personal fines.

📋 Mandatory Compliance Checklist

Requirement	Action Item
DPT-3 Filing	Annual return of deposits/exempted loans.
Director Declaration	Must confirm funds are not borrowed.
Repayment Reserve	Liquid funds kept for repayment.

Need Expert Structure for your Director Funding?

Don't wait for an MCA notice. Get your DPT-3 filings and loan agreements vetted by professionals.

Gururaaja Sanjay & Co, Chartered Accountants

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