Indian Party having JV/WOS outside has to file APR by 30th June of each year in terms of RBI Circular 29 dt. 12/09/2012

[Manoj Mishra]

Dear All,

Pls attached the RBI Circular 29 dt. 12/09/2012

An Indian party, which has set up / acquired a Joint Venture (JV) or Wholly Owned Subsidiary (WOS) overseas in terms  of the Regulations of the Notification, shall submit, to the designated Authorised Dealer every year, an Annual Performance Report (APR) in Form ODI Part III in respect of each JV or WOS outside India and other reports or documents as may be specified by the Reserve Bank from time to time, on or before the 30th of June each year. The APR, so required to be submitted, has to be based on the latest audited annual accounts of the JV / WOS, unless specifically exempted by the Reserve Bank. 

Regards,

Manoj

[Monika Bansal]

Dear Manoj

Find the following link :

http://www.rbi.org.in/scripts/BS_CircularIndexDisplay.aspx?Id=7560

Hope u asked for the same.

Regards, 

CS Monika Bansal

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