Regulation 11 - Delay in reporting - Foreign Exchange Management (Overseas Investment) Regulations, 2022

11. Delay in reporting. (1) A person resident in India who does not submit the evidence of investment within the time specified under sub-regulation (1) of regulation 9 or does not make any filing within the time specified under regulation 10, may make such submission or filing, as the case may be, along with Late Submission Fee within such period as may be advised, and at the rates and in the manner as may be directed by the Reserve Bank, from time to time: Provided that such facility can be availed within a maximum period of three years from the due date of such submission or filing, as the case may be. (2) A person resident in India responsible for submitting the evidence or any filing relating to overseas investment in accordance with the Act or regulations made thereunder before the date of publication of these regulations in the Official Gazette and who has not made or does not make such submission or filing within the time specified thereunder, may make such submission or filing along with Late Submission Fee or make payment of Late Submission Fee where such submission or filing has been done, as the case may be, within such period as may be advised, and at the rates and in the manner as may be directed by the Reserve Bank, from time to time. Provided that such facility can be availed within a maximum period of three years from the date of publication of these regulations in the Official Gazette.