Overseas investment compliance requires timely documentation, repatriation of dues and annual reporting to the central bank. Indian parties acquiring foreign securities must secure evidence of investment within six months (or as extended by the Reserve Bank), repatriate all receivables from the foreign entity within sixty days (subject to extension), and annually submit an Annual Performance Report (APR) in Part III of Form ODI based on audited accounts unless exempt. Companies must also file an Annual Return on Foreign Liabilities and Assets. If the host country does not mandate audits, the APR may be based on un audited accounts only where statutory auditors certify the audit exemption and the board adopts those accounts; this exemption is unavailable for jurisdictions requiring enhanced due diligence.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Overseas investment compliance requires timely documentation, repatriation of dues and annual reporting to the central bank.
Indian parties acquiring foreign securities must secure evidence of investment within six months (or as extended by the Reserve Bank), repatriate all receivables from the foreign entity within sixty days (subject to extension), and annually submit an Annual Performance Report (APR) in Part III of Form ODI based on audited accounts unless exempt. Companies must also file an Annual Return on Foreign Liabilities and Assets. If the host country does not mandate audits, the APR may be based on un audited accounts only where statutory auditors certify the audit exemption and the board adopts those accounts; this exemption is unavailable for jurisdictions requiring enhanced due diligence.
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