Overseas direct investment reporting requirement: annual APR submission by Indian parties based on audited accounts to authorised dealers. Indian parties that have established or acquired overseas JVs or WOSs must submit an Annual Performance Report (APR) in Form ODI Part III to their designated Authorised Dealer annually, prepared on the basis of the latest audited annual accounts of the JV/WOS unless the Reserve Bank exempts them; the prior conditional exemption permitting APRs based on un audited accounts continues, and AD Category I banks should notify constituents.
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Provisions expressly mentioned in the judgment/order text.
Overseas direct investment reporting requirement: annual APR submission by Indian parties based on audited accounts to authorised dealers.
Indian parties that have established or acquired overseas JVs or WOSs must submit an Annual Performance Report (APR) in Form ODI Part III to their designated Authorised Dealer annually, prepared on the basis of the latest audited annual accounts of the JV/WOS unless the Reserve Bank exempts them; the prior conditional exemption permitting APRs based on un audited accounts continues, and AD Category I banks should notify constituents.
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