Form ODI

• The form is to be filed for Overseas Investments (or financial commitment) in Joint Ventures (JV) and Wholly Owned Subsidiaries (WOS).
• An Indian Party and a Resident Individual making an Overseas Investment is required to submit form ODI.
• An Indian Party and a Resident Individual receives share certificates or any other documentary evidence of investment in the foreign JV / WOS as an evidence of investment and requires to submit the same to the designated AD within 6 months.
• In case of disinvestment, sale proceeds of shares/securities shall be repatriated to India immediately on receipt thereof and in any case not later than 90 days from the date of sale of the shares /securities and documentary evidence to this effect shall be submitted to the Reserve Bank through the designated Authorised Dealer.