Overseas investment documentation: designated AD banks to retain share certificates and certify in APR form. Share certificates or other documentary evidence of acquisition of foreign securities need not be submitted to the Reserve Bank; instead such documents shall be submitted to and retained by the designated AD Category I bank, which must monitor and verify their bonafides and submit a certificate to the Reserve Bank as an annexure to the APR (Part III of Form ODI).
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Provisions expressly mentioned in the judgment/order text.
Overseas investment documentation: designated AD banks to retain share certificates and certify in APR form.
Share certificates or other documentary evidence of acquisition of foreign securities need not be submitted to the Reserve Bank; instead such documents shall be submitted to and retained by the designated AD Category I bank, which must monitor and verify their bonafides and submit a certificate to the Reserve Bank as an annexure to the APR (Part III of Form ODI).
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