Whether any prior registration with the Reserve Bank is necessary for investments under the automatic route?
• No, once the report of remittance in form ODR is received by the Reserve Bank through the designated Authorised Dealer, an identification number for that particular investment is issued for the purpose of future reference. Subsequent investment in the same project will be permitted to 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?
