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Discussion > Corporate Law >

ODI form and APR form

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Company Secretary

[ Scorecard : 1640]
Posted On 06 January 2011 at 17:23 Report Abuse

Dear frnds,

Please tell me the difference b/w ODI form (part III) and APR form in FEMA.

Actually there is a Wholly Owned Subsidiary (WOS) abroad of our pvt. limited co. in India.

An annual performance report of WOS is to be submitted to RBI.  Kindly tell me the respective form to be submitted.

Also pls tell me where it is mentioned in FEMA about the same.

Thanks in adv.

Shridhi Jain


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Sudhir Garg
Service

[ Scorecard : 236]
Posted On 06 January 2011 at 17:33

Dear Shridhi

The annual performance of your WOS in abroad is to be reported in Part III of Form ODI which is APR itself. The FAQs on ODI and instructions for ODI itself mention the same.

Regards / Sudhir
 

 

Originally posted by : Shridhi Jain

Dear frnds,

Please tell me the difference b/w ODI form (part III) and APR form in FEMA.

Actually there is a Wholly Owned Subsidiary (WOS) abroad of our pvt. limited co. in India.

An annual performance report of WOS is to be submitted to RBI.  Kindly tell me the respective form to be submitted.

Also pls tell me where it is mentioned in FEMA about the same.

Thanks in adv.

Shridhi Jain


Total thanks : 1 times




Shridhi Jain
Company Secretary

[ Scorecard : 1640]
Posted On 06 January 2011 at 17:44

I too think so.

But there is another APR form. If u search for APR on google, its a 6-7 page form (pls see the attachment). Its different from ODI (part III) form.

Wats that ? and where it is mentioned in FEMA abt the same ?



Attached File : 45 form apr.pdf downloaded 565 times


Sudhir Garg
Service

[ Scorecard : 236]
Posted On 06 January 2011 at 17:51

Dear Shridhi

I don't know from where you got the attachement. But the relevant regulation and form for overseas investnment is Form ODI which also contains the APR. Therefore I don't think any line of confusion. Please note I have been filing the APR for last three years and till date no comment from DAD or RBI is received.

Regards/Sudhir




Shridhi Jain
Company Secretary

[ Scorecard : 1640]
Posted On 06 January 2011 at 17:55

Wats the full form of DAD?




Aman Jain
Company Secretary in Practice

[ Scorecard : 165]
Posted On 06 January 2011 at 18:51

Dear Shridhi,

 

Mr. Sudhir is right. Always take the from Master circular or from RBI site not from google.

 

--
 

with warm regards,

Aman Kumar Jain
LL.B., M.Com, ACS

AMAN JAIN & ASSOCIATES,
COMPANY SECRETARIES
B-15, SECOND FLOOR,
LAJPAT NAGAR-I,
NEW DELHI-110024
Mob. No. +91.97174.900.58
               +91.93137.82.760


 




Sudhir Garg
Service

[ Scorecard : 236]
Posted On 07 January 2011 at 09:32

Dear Shridhi

DAD means "Designated Authorised Dealer". Every overseas investment for any particular JV / WOS needs to be transacted thru duly applointed DAD only.

Regards / Sudhir




Jayashree S Iyer
Company Secretary

[ Scorecard : 3109]
Posted On 07 January 2011 at 10:06

Agree with Sudhir. The attached APR form may be old. Currently only ODI (part III) form is being filed.




Shridhi Jain
Company Secretary

[ Scorecard : 1640]
Posted On 07 January 2011 at 10:33

Thanks to all for ur replies.

I too agree with Sudhir sir. But these are some sites where the APR form is given. I think these are trusted links

rbidocs.rbi.org.in/rdocs/Forms/PDFs/form-apr.pdf

www.eximkey.com/contents/showpage1.asp?pageid=21550

Pls tell me wat is this form about ? 




Sudhir Garg
Service

[ Scorecard : 236]
Posted On 07 January 2011 at 10:58

Dear Shridhi

Your searched APR form is very old as the link does not contain word "FEMA" anywhere. Since July 7, 2004, Direct investments in JV / WOS abroad are governed by FEMA under regulation (Transfer and issue of foreign security) Reluations 2004. The Master circular is viewed every year with sunset clause of 1 Year. So, forget about your linked APR and file our advised APR without any confusion.

Regards/Sudhir



Total thanks : 1 times


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