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Q.13: WHAT IS THE PROCEDURE TO BE FOLLOWED BY AN INDIAN PARTY TO MAKE OVERSEAS DIRECT INVESTMENT IN A JV/WOS UNDER THE AUTOMATIC ROUTE?


The Indian Party intending to make overseas direct investment under the automatic route is required to fill up form ODI duly supported by the documents listed therein, i.e., certified copy of the Board Resolution, Statutory Auditors certificate and Valuation report (in case of acquisition of an existing company) as per the valuation norms listed in answer to Q.31 and approach an Authorized Dealer (designated Authorized Dealer) for making the investment/remittance.

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