ODR
Report on Remittances for Overseas Direct Investment through Authorised Dealer| I. | (a) | Name & Address of
Indian Party/Parties | __________________
__________________
__________________
| (b) | Name & Address of the
designated branch of
Authorised Person
Tel.No./Fax No./E-Mail
| __________________
__________________
__________________
__________________
|
| (c) | A.D.Code No. | __________________
|
II. |
(a) |
Name & Address of
Overseas Concern |
__________________
__________________
|
(b) |
Country of Location
|
__________________
|
| (c) | Nature of Overseas
Concern( i.e. JV/WOS) | __________________
| (d) | Line of Activity of
JV/WOS | __________________
|
| III. Nature of remittance :- | a)* Investment in a new JV/WOS
(i.e. Fresh investment) | (b)* Investment in an existing JV/WOS
(i.e Additional investment) |
*Strike out whichever is not applicable |
Please quote the 13 digit Identification No.
allotted to the JV/WOS by the Reserve Bank.
ccccccccccccc |
IV.(A) Investment under Automatic Route (Under Regulation 6 of the Notification No. FEMA 19/RB – 2000 dated 3rd May 2000) |
| Amount of FCY in thousands ( )** |
Name
of the
Indian
party/
parties
| Date
of
remittance
| Details of remittance effected
| Date of exports/ date of capitalis ation of other dues
( )@ | Amount of exports/ other dues capitalised
|
| From EEFC Account | By market purchases | From the ADR/GDR funds parked in India*/outside India* (*strike out whichever is not applicable) |
| Equity | Loan | Guarantee (Invoked) | Equity | Loan | Guarantee(Invoked) | Equity | Loan | Guarantee (Invoked) |
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
(B) Investments under Approvals Issued by Reserve Bank (Under Regulation 9 of the Notification, ibid )
| a) | Identification No. | ccccccccccccc | b) | Date of Approval | cc cc cccc
D D M M Y Y Y Y
|
(Amount of FCY in thousands )**
Date of Remittance
| Details of remittance effected
| Date of exports/ date of
capitalisation of other dues( )@ | Amount of exports/other
dues capitalised
|
| | Equity | Loan | Guarantee (Invoked) | | |
| | | | | | |
| | | | | | |
@ Please specify the other dues being capitalised, viz., royalty, technicalknowhow fee, consultancy fees, etc.
**Please indicate the name of the foreign currency(FCY) as per SWIFT code.
We hereby confirm that the remittance* has been allowed under the AutomaticRoute based on the certification given by the statutory auditors (in form ODA)confirming compliance with the prescribed terms and conditions by theIndian party/* is in accordance with the terms and conditions of the approvalletter issued by the Reserve Bank./* In respect of the invoked guarantee, theremittance has been made after satisfying that the claim is in conformity withthe terms and conditions of the guarantee issued to/on behalf of the JV/WOSabroad.
*strike out whichever is not applicable
Place: ________________
Date: _________________ |
| ___________________________
(Signature of Authorised Official)
Name: _______________________
Designation: _______________________ |
Instructions for compiling form ODR1. This form alongwith form ODA(in duplicate) should be submitted tothe concerned Regional Office of the Exchange Control Department, Reserve Bankof India, immediately after making the remittance.
2. Investments involving capitalisation of exports should be reported inthis form within 15 days of the exports made by Indian Party. The customcertified copy of the invoice should also be enclosed to form ODR.
3. Foreign Currency (FCY) should be as per the SWIFT code.
4. The 13 digit Identification No. issued by the Reserve Bank should invariablybe quoted (except in the case of fresh investment under the Automatic Routewhich will be allotted subsequently) in respect of all investments routedthrough authorised dealer at item III(b)/IV (B)(a).
5. In case the investment is made by more than one Indian company in thesame JV/WOS, the details of the remittances effected by other Indiancompanies through their respective authorised dealers(based on the certificatesissued by the latter) and exports capitalised by other Indian companies shouldalso be incorporated in this form with suitable remarks.
6. In case the Indian party is successful in winning thecontract through bidding or tender procedure, the form ODR should beforwarded to the Reserve Bank immediately after effecting the finalremittance to acquire an overseas company. Amounts remitted earlier towardsEarnest Money Deposit(EMD) should also be included in the amount under reportwith suitable remarks.