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April 2010

A.P. (DIR Series) Circular No. 36, dated 24-2-2010 — Overseas Investment Application — Online Reporting of Overseas Direct Investment in Form ODI.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia, Brijesh Cholera, Pratik Mehta | Chartered Accountants
Sejal Vasa | Company Secretary
Reading Time 1 mins
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Part C : RBI / FEMA


Given below are the
highlights of certain RBI Circulars.

11 A.P.
(DIR Series) Circular No. 36, dated 24-2-2010 — Overseas Investment Application
— Online Reporting of Overseas Direct Investment in Form ODI.

This Circular states that
online reporting system in respect of Overseas Direct Investment — Form ODI has
been operationalised in a phased manner from March 2, 2010. The online
application form is available on the Secured Internet Website of RBI at —
https://secweb.rbi.org.in.

Physical copy of the said
online application bearing the Unique Identification Number (UIN) will also have
to be filed with the bank.

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