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What is the procedure to be followed by an eligible entity to make direct investment in a JV/WOS under the Automatic Route?

April 26, 2017automatic eligible entity followed Investment jv procedure wos

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What is the procedure to be followed by an eligible entity to make direct investment in a JV/WOS under the Automatic Route?

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A. The eligible Indian Party intending to make a direct investment under the automatic route is required to fill in the form ODA supported by documents listed therein, i.e., certified copy of the Board Resolution, Statutory Auditors certificate, Valuation report (in case of acquisition of an existing company) as per the valuation norms listed in answer to Q.16 and approach an Authorised Dealer (designated Authorised Dealer) for making the investment/remittance.