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TMI BlogOverseas Direct Investment - Rationalisation of FormsX X X X Extracts X X X X X X X X Extracts X X X X ..... 0/RB-2004 dated July 7, 2004, [Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2000] as amended from time to time. 2. At present, application for overseas direct investment is required to be made in any one of the three forms viz., ODA for direct investments in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) under automatic route, ODI for investments under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Accordingly, as announced in the Annual Policy for the Year 2007-08 (para 133), with a view to improving the coverage and to ensure monitoring of the flows in a dynamic environment, it has now been decided to revise the existing reporting system. As per the new reporting package, all the forms have been subsumed into one form viz. ODI, comprising of four parts: Part I - which includes the follo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rom June 1, 2007. The form can also be downloaded from Reserve Bank's website www.rbi.org.in. 5. It is reiterated that the revised form is only a rationalisation of the reporting procedure and there is no change or dilution in the existing eligibility criteria / documentation / limits. Eventually, these reports will be received on line by Reserve Bank. 6. Accordingly, AD Category - I banks ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nding up / voluntary liquidation under the Automatic Route, in terms of A. P. (Dir Series) Circular No. 29 dated March 27, 2006, a report should be submitted by the designated AD Category - I bank, in Part IV of form ODI. In all other cases of disinvestment, an application along with the necessary supporting documents should be submitted to the Reserve Bank as per the current procedure. 7. AD C ..... X X X X Extracts X X X X X X X X Extracts X X X X
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