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of <h1>Regulation 14 allows remittances for foreign company acquisition bids with mandatory reporting requirements</h1> Regulation 14 governs acquisition of foreign companies through bidding procedures under FEMA 2004. Authorized dealers may permit remittances for earnest money deposits and issue bid bond guarantees for eligible parties participating in foreign company acquisition bids. Upon winning bids, further remittances are allowed subject to specified ceilings, with mandatory reporting to Reserve Bank within 30 days via Form ODI. For acquisitions outside standard provisions, prior Reserve Bank approval is required. Successful bidders must either seek additional approval if terms differ from regulations or submit compliance reports within 30 days of final remittance.
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