Health Check on Overseas Direct Investments (ODI) Transactions

 

Health Check on Overseas Direct Investments (ODI) Transactions

We have been approached by a client who is a global provider of media technology solutions and innovations. Their objective is to create and deliver immersive cloud-based video streaming. The company has been incorporated for more than 5 years and has received Foreign Direct Investments (FDI) while also undertaking Overseas Direct Investment (ODI). They have requested our assistance in reviewing their ODI reporting and seeking clarification on step-down subsidiary transactions. In response, we have undertaken the following activities for the client:

 1.      Conducted a health check-up of the ODI transactions, which involved reviewing the ODI forms, APR forms, and analyzing any compliance gaps, if present.

2.    Provided guidance on the necessary compliances to be fulfilled by the Indian entity, subsidiary, and step-down subsidiary.

3.  Rectified any identified compliance issues to ensure the company's adherence to regulatory requirements.

4.     Offered guidance on best practices and advised on do's and don'ts to be followed in future endeavors.

We completed the assignment by responding to queries in a smooth and seamless manner, supported by references to FEMA Regulations, and within the agreed-upon timelines. Our experience in handling similar assignments has equipped us with valuable insights into critical aspects of the process.

 

If you require compliance support, we can assist you. SimplyCorp offers a comprehensive solution that manages Corporate Governance and Secretarial Compliances under the Companies Act and FEMA Regulations throughout the entity's lifecycle. If you would like to learn more about compliance requirements and potentially outsource these services to us, please reach out to our Product Head, Vaishali Vohra, at vaishali@simplybiz.in or our Lead for Corporate Compliances, Vanaja, at vanaja@simplybiz.in. You can also contact us at SimplyCorp@simplyBiz.in.

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