Reporting requirements for Overseas Investment

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..... made through the designated AD bank in the manner provided in this regulation and in the format provided by the Reserve Bank. (2) A person resident in India who has made ODI or making financial commitment or undertakingdisinvestment in a foreign entity shall report the following, namely: (a) financial commitment, whether it is reckoned towards the financial commitment limit or not, at the t .....

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..... or a subsidiary in India of an overseas entity or the Indian entity in which the overseas entity has direct or indirect equity holding where the resident individual is an employee or director. (4) A person resident in India acquiring equity capital in a foreign entity which is reckoned as ODI, shall submit an Annual Performance Report (APR) with respect to each foreign entity every year by 31 .....

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..... ide for mandatory auditing of the books of accounts, the APR may be submitted based on unaudited financial statements certified as such by the statutory auditor of the Indian entity or by a chartered accountant where the statutory audit is not applicable; (b) in case more than one person resident in India have made ODI in the same foreign entity, the person holding the highest stake in the fore .....

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