Whether any prior registration with the Reserve Bank is necessary for direct investments under the Automatic Route?
A. No prior registration with the Reserve Bank is necessary for direct investments under the automatic route. After the report of remittance/investment in form ODR is received by the Reserve Bank, from the designated Authorised Dealer, an identification number for that particular JV/WOS will be issued for the purpose of taking on record the overseas direct investment with the objective of maintaining a database for monitoring the outflows/inflows in respect of the overseas entities. Subsequent investments in the same project can be made only after allotment of the identification number.
Related Questions
- Does the allotment of an identification number by the Reserve Bank for direct investments under the automatic route constitute an approval from the Reserve Bank?
- Whether any prior registration with the Reserve Bank is necessary for direct investments under the Automatic Route?
- Whether any prior registration with the Reserve Bank is necessary for investments under the automatic route?
