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of <h1>New ODI Form Simplifies Overseas Investment Reporting for Indian Entities; Effective June 1, 2007.</h1> The circular addresses the rationalization of forms related to overseas direct investment by Indian entities. Previously, multiple forms were used for different types of investments and reporting. To improve data coverage and streamline the process, a new consolidated form, ODI, has been introduced, effective June 1, 2007. This form includes sections for investment details, remittance reporting, annual performance, and closure or disinvestment of overseas ventures. The revised procedure does not alter existing eligibility criteria or limits. Authorized Dealer Category-I banks are instructed to follow new submission guidelines for automatic and approval routes and inform their clients accordingly.
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