Overseas direct investment procedures amended - revised forms and auditor certifications tighten documentary and valuation requirements. Amendments revise documentary and certification requirements for overseas direct investment, modifying Form ODA and the statutory auditor certificate and issuing detailed instructions for Forms ODA, ODI, ODB and ODG. Key operative obligations include submission of auditor certificates, board resolutions and supporting project, financial and valuation documents; sectoral eligibility and prudential criteria for financial services investments; procedures for supplemental proposals and joint investor filings; and valuation and due diligence standards where ADR/GDR proceeds or acquisitions are involved.
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 direct investment procedures amended - revised forms and auditor certifications tighten documentary and valuation requirements.
Amendments revise documentary and certification requirements for overseas direct investment, modifying Form ODA and the statutory auditor certificate and issuing detailed instructions for Forms ODA, ODI, ODB and ODG. Key operative obligations include submission of auditor certificates, board resolutions and supporting project, financial and valuation documents; sectoral eligibility and prudential criteria for financial services investments; procedures for supplemental proposals and joint investor filings; and valuation and due diligence standards where ADR/GDR proceeds or acquisitions are involved.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
