Acquisition of foreign company via bidding: authorised remittances, RBI permissions, and post remittance reporting obligations. Regulation 14 allows an eligible Indian party to use an authorised dealer to remit earnest money or obtain a bid bond guarantee for foreign company acquisitions; on winning, further remittances are permitted within regulatory ceilings and a report in Form ODA must be filed with the Reserve Bank within 30 days. Where authorised dealer facilitation is not available, the Reserve Bank may permit such remittances on application in Form ODI and may impose terms; non conforming acquisition terms require an ODI application for FDI approval, while conforming terms require a 30 day remittance report.