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Shridhi Jain (Company Secretary)     06 January 2011

ODI form and APR form

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



 15 Replies

Sudhir Garg

Sudhir Garg (Service)     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
1 Like
Shridhi Jain

Shridhi Jain (Company Secretary)     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 ?


Attached File : 45 form apr.pdf downloaded: 1369 times
Sudhir Garg

Sudhir Garg (Service)     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

Shridhi Jain

Shridhi Jain (Company Secretary)     06 January 2011

Wats the full form of DAD?

Aman Jain

Aman Jain (Company Secretary in Practice)     06 January 2011

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

Sudhir Garg (Service)     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

Jayashree S Iyer (Company Secretary)     07 January 2011

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

Shridhi Jain

Shridhi Jain (Company Secretary)     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

Sudhir Garg (Service)     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

1 Like
Shridhi Jain

Shridhi Jain (Company Secretary)     07 January 2011

Thank you so much Sudhir Sir and all dear ones for your kind replies....

Pankaj Chopra

Pankaj Chopra (Taxation)     06 June 2011

Attached ODI form.

Thanks

Pankaj


Attached File : 149277 732922 form odi.doc downloaded: 432 times
Bala Ca

Bala Ca (Assistant Manager)     20 September 2011

Hi,

Anyone can please guide me the procedures to be followed for changing the name of the company (ODI)?

shantanu bhandary

shantanu bhandary (c)     17 August 2014

Hi sir, our Indian private company wants to invest in shares on Australian private company can you please tell me the compliance involve? This is urgent
Karan

Karan (Article)     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?

 

 


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