Overseas Investment Application - Online Reporting of Overseas Direct Investment in Form ODI

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..... Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No. 68 dated June 1, 2007 , revising the reporting package on Overseas Direct Investment (ODI) by the Indian Parties. Further, it was also mentioned in the circular that the ODI forms would be received on-line by the Reserve Bank, in due course. 2. Accordingly, it has been decided t .....

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..... IN wise, for onward submission to the Reserve Bank, if specifically required. Transactions in respect of Mutual Funds, Portfolio Investment Scheme (PIS) and Employees Stock Options Scheme (ESOPS) are also required to be reported on-line in the Overseas Investment Application. 4. The on-line reporting would be required to be made by the Centralized Unit/Nodal Office of AD Category - I banks. The .....

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..... y liquidation of the overseas Joint Ventures/Wholly Owned Subsidiaries (JVs / WOSs) under the automatic and approval routes (Part IV of form ODI) would continue to be submitted to the Reserve Bank in physical form as is being done at present. 6. As per the new reporting system, AD Category - I banks would be able generate the UIN on-line under the automatic route. However, subsequent remittances .....

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