Overseas direct investment compliance: mandatory use of Form ODI with specified valuation and reporting obligations to regulators. Amendments require Indian parties and resident individuals to use the prescribed Form ODI for overseas direct investments, including submission of Part I to authorised dealers and filing Parts I and II with the Reserve Bank within thirty days; Part III Annual Performance Reports based on audited JV/WOS accounts must be submitted annually. Valuation requirements accompany remittance applications with specified provider standards, bidding and acquisition remittances and reporting must follow Form ODI procedures, and proprietary concerns need prior Reserve Bank permission via Part I of Form ODI to accept foreign shares subject to specified limits.
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Provisions expressly mentioned in the judgment/order text.
Overseas direct investment compliance: mandatory use of Form ODI with specified valuation and reporting obligations to regulators.
Amendments require Indian parties and resident individuals to use the prescribed Form ODI for overseas direct investments, including submission of Part I to authorised dealers and filing Parts I and II with the Reserve Bank within thirty days; Part III Annual Performance Reports based on audited JV/WOS accounts must be submitted annually. Valuation requirements accompany remittance applications with specified provider standards, bidding and acquisition remittances and reporting must follow Form ODI procedures, and proprietary concerns need prior Reserve Bank permission via Part I of Form ODI to accept foreign shares subject to specified limits.
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