https://www.taxtmi.com/acts?id=2100 Authorised dealers may allow earnest money remittances or issue bid bond guarantees for eligible Indian parties participating in foreign company bids. If the bid is won, further remittances toward acquisition are permitted subject to remittance ceilings and the Indian party must submit Parts I and II of Form ODI through the designated authorised dealer within thirty days of the final remittance. For bids outside the primary facilitation, the monetary authority may permit earnest money remittances or bid bond guarantees on application and terms. Non conforming acquisition terms require an application in Form ODI for approval; conforming terms require a remittance report within thirty days. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 20 Jun 2025 18:08:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2100 Authorised dealers may allow earnest money remittances or issue bid bond guarantees for eligible Indian parties participating in foreign company bids. If the bid is won, further remittances toward acquisition are permitted subject to remittance ceilings and the Indian party must submit Parts I and II of Form ODI through the designated authorised dealer within thirty days of the final remittance. For bids outside the primary facilitation, the monetary authority may permit earnest money remittances or bid bond guarantees on application and terms. Non conforming acquisition terms require an application in Form ODI for approval; conforming terms require a remittance report within thirty days. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2100