Shridhi Jain (Company Secretary) (1678 Points)
06 January 2011Dear 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
Sudhir Garg
(Service)
(236 Points)
Replied 06 January 2011
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 |
 |
Shridhi Jain
(Company Secretary)
(1678 Points)
Replied 06 January 2011
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 ?
Sudhir Garg
(Service)
(236 Points)
Replied 06 January 2011
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
Aman Jain
(Company Secretary in Practice)
(165 Points)
Replied 06 January 2011
Dear Shridhi,
Mr. Sudhir is right. Always take the from Master circular or from RBI site not from google.
--
Sudhir Garg
(Service)
(236 Points)
Replied 07 January 2011
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)
(3224 Points)
Replied 07 January 2011
Agree with Sudhir. The attached APR form may be old. Currently only ODI (part III) form is being filed.
Shridhi Jain
(Company Secretary)
(1678 Points)
Replied 07 January 2011
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)
(236 Points)
Replied 07 January 2011
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
Shridhi Jain
(Company Secretary)
(1678 Points)
Replied 07 January 2011
Thank you so much Sudhir Sir and all dear ones for your kind replies....
Pankaj Chopra
(Taxation)
(24 Points)
Replied 06 June 2011
Attached ODI form.
Thanks
Pankaj
Bala Ca
(Assistant Manager)
(42 Points)
Replied 20 September 2011
Hi,
Anyone can please guide me the procedures to be followed for changing the name of the company (ODI)?
shantanu bhandary
(c)
(42 Points)
Replied 17 August 2014
Karan
(Article)
(40 Points)
Replied 18 May 2016
Can anyone please let me know the procedure for filing Part I of form ODI?
Either the money is to be remitted or Form needs to be filed first?
Member Strength 35,75,385 and growing..
CAclubindia
