Overseas direct investment reporting now mandates revised ODR filings and removes ODA forwarding for automatic route investments. Authorised dealers are no longer required to forward form ODA and supporting documents to the Reserve Bank for overseas direct investments made under the automatic route; they must continue to receive and scrutinise ODA from Indian parties. All remittances, guarantees, and capitalisations related to overseas direct investment-whether automatic-route or Reserve Bank approved-must be reported to the Reserve Bank using the revised form ODR addressed to the Chief General Manager, Exchange Control Department, Overseas Investment Division, Mumbai. Amendments to the underlying Regulations will be notified separately.
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Overseas direct investment reporting now mandates revised ODR filings and removes ODA forwarding for automatic route investments.
Authorised dealers are no longer required to forward form ODA and supporting documents to the Reserve Bank for overseas direct investments made under the automatic route; they must continue to receive and scrutinise ODA from Indian parties. All remittances, guarantees, and capitalisations related to overseas direct investment-whether automatic-route or Reserve Bank approved-must be reported to the Reserve Bank using the revised form ODR addressed to the Chief General Manager, Exchange Control Department, Overseas Investment Division, Mumbai. Amendments to the underlying Regulations will be notified separately.
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