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<h1>RBI Amends 2004 Regulations: New Reporting and Valuation Rules for Overseas Investments by Indian Parties</h1> The Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Second Amendment) Regulations, 2014, issued by the Reserve Bank of India, amends the 2004 regulations concerning foreign security transactions. Key changes include requirements for Indian parties to submit an Annual Performance Report and complete Part I of the Form ODI for overseas investments. Amendments to regulations 6, 9, 14, 15, and 19 address procedures for direct investments, bidding, and reporting obligations. The amendments also specify valuation requirements for investments exceeding USD 5 million and conditions for proprietary concerns accepting foreign shares. These regulations take effect upon publication in the Official Gazette.