Annual Performance Report (APR)

• An Indian Party (IP) / Resident Individual (RI) which has made an Overseas Direct Investment (ODI) has to submit an Annual Performance Report (APR) in Form ODI Part II to the AD bank in respect of each Joint Venture (JV) / Wholly Owned Subsidiary (WOS) outside India.
• An Indian Party (IP) / Resident Individual (RI) which has made an Overseas Direct Investment (ODI)
• Reporting to be made on or before 31st December, every year
• APR is required to be certified by the statutory auditor of the Indian party.
• Certification of APRs by the Statutory Auditor or Chartered Accountant shall not be insisted upon in the case of Resident Individuals and self-certification can be accepted in such cases.