MP High Court: Women Retain Reservation Benefits After Marriage if Caste is Recognized in Both States  ||  Allahabad HC: Police Must Prosecute Informants of False Firs, and IOs May Face Contempt if They Fail  ||  MP HP: Over-Age Candidate Cannot Claim Age Relaxation Due to Delay in Earlier Recruitment  ||  Kerala HC: Petrol Pump Licence is Automatically Cancelled on Lease Expiry Without Any Hearing  ||  MP HC: Trial Courts Cannot Grant Permanent Injunction in Title Suits Without Recovery of Possession  ||  MP High Court: Guardians Can be Liable For Minors Flying Kites With Chinese Manjha  ||  SC: Under Order XXI Rule 102 CPC, A Transferee Pendente Lite Cannot Obstruct Execution of a Decree  ||  SC: RTE Act promotes fraternity and equality by children of judges and vendors studying together  ||  MP High Court: Aadhaar and Voter ID Cards are Not Definitive Proof of Date of Birth  ||  Chhattisgarh HC: Second Marriage During Subsisting First Marriage Void Unless Custom Permits It    

Overseas Direct Investment – Annual Performance Report- (Reserve Bank of India) (13 Apr 2016)

MANU/APDR/0024/2016

Banking

The Reserve Bank of India has moved to combat a trend of Indians investing directly in overseas ventures failing to submit the Annual Performance Report for such investments. To the consternation of the RBI, Indian investors were either delaying submitting the APR or foregoing it altogether; Authorised Dealer banks facilitated their remittances and financial commitments despite absence of the APR.

Accordingly, RBI has modified the online OID form to enable the nodal office of the AD bank viewing the outstanding position of APR; the same will have to ensure full compliance with APRs before it can undertake any transaction for its customer. APRs to be submitted by Indians are not strictly required to be certified by the Statutory Auditor or chartered accountant, instead self-certification is acceptable.

RBI also revised Form ODI, with Form ODI II being subsumed within ODI Part I. Other changes include a new reporting format for Funds and other overseas investments.

Relevant : Overseas Direct Investment – Rationalisation and reporting of Forms MANU/APDR/0026/2016 Liberalised Remittance Scheme for Resident Individual MANU/APDR/0109/2013 Overseas Direct Investments by Indian Party – Rationalisation MANU/APDR/0174/2012

Tags : OVERSEAS INVESTMENT   ANNUAL REPORT   COMPLIANCE  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved