Overseas investment compliance: Form ODI procedures and documentation govern reporting, remittances and approvals for JV/WOS investments. Form ODI requires Part I reporting JV/WOS details, ownership and financing patterns (with Section D critical), Part II certifying remittances by the AD, ... Summary
Overseas investment compliance: Form ODI procedures and documentation govern reporting, remittances and approvals for JV/WOS investments.
Form ODI requires Part I reporting JV/WOS details, ownership and financing patterns (with Section D critical), Part II certifying remittances by the AD, Part III as the Annual Performance Report filed online by June 30 while the overseas entity exists, and Part IV for reporting disinvestment or liquidation within thirty days. Submission procedures vary by Automatic Route and Approval Route, with supplementary remittances normally requiring only Part II unless capital structure has changed, and specified supporting documents must accompany applications for Reserve Bank approval.
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