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Get Form Odi - Part Iii
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How to fill out the Form ODI - PART III online
Filling out the Form ODI - PART III online is an essential process for reporting disinvestment activities related to overseas joint ventures or wholly owned subsidiaries. This guide provides step-by-step instructions to help you navigate through the form efficiently and accurately.
Follow the steps to complete the Form ODI - PART III effectively.
- Click ‘Get Form’ button to obtain the form and open it for editing. This step is crucial to ensure you have the latest version of the form ready for completion.
- Begin by entering the unique identification number allotted by the Reserve Bank in the designated field.
- Provide the name, AD code, and address of the Authorised Dealer (AD) bank involved in the transaction.
- Fill in the date of submission of the form and the period to which the last Annual Performance Report (APR) relates.
- Indicate the disinvestment route by ticking the appropriate option: Approval Route or Automatic Route.
- Select the type of disinvestment by ticking either Full disinvestment or Partial disinvestment, then provide the date of disinvestment.
- Enter the Permanent Account Number (PAN) and name of the disinvesting Institutional Participant (IP) or Resident Individual (RI).
- Record the percentage of stake held at the time of disinvestment and the percentage stake disinvested, if applicable.
- Choose the method of disinvestment from the provided options and include additional details as necessary in the annex format.
- For the summary of the overseas direct investment, include cumulative amounts for equity, loan, and guarantees issued or invoked.
- Fill out the date-wise details of remittances or transactions, specifying the method of investment, category of investment, and amount.
- Include the fair value of the total disinvestment as per the valuation report.
- If there are any write-offs, provide the details regarding equity, loan, or others.
- Document the amount repatriated on disinvestment, including relevant dates and amounts.
- Ensure that the certification section is completed accurately, striking out any inapplicable options.
- Review the entire form for completeness and accuracy before proceeding to save your changes, download, print, or share the completed form.
Complete your Form ODI - PART III online today to ensure a smooth reporting process.
The full form of ODI investment is 'Overseas Direct Investment'. It refers to investments made by a company in one country to establish business operations in another country. Completing Form ODI - PART III is essential for reporting these investments. By using this form, you help ensure compliance with regulatory requirements.
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