Forms under FEMA

The Following are the various forms used under FEMA

A-1          :Application for remittance of Foreign currency for Import payments.

A-2          : Application cum declaration for drawl of Foreign Exchange.

ARF        : Advance Reporting of Foreign Inward Remittance.

                Annual Return on foreign Assets and Liability

CDF        :Currency Declaration Form

DPX-1     : Application to be submitted by exporter after award of contract for exports on deferred payments.

ECB : External Commercial Borrowings

ECB- Annex 1 : Application for raising ECB under Approval Route

ECB - Annex 2 : Reporting of loan agreement details of ECB

ECB - Annex -3 : Reporting of actual transactions of ECB

EFC                 : Application for opening foreign currency account with a bank in India by exporter.

ETX                 :Application for permission to extend period of realization of exports proceeds.

FCGPR           : Report by Indian company issuing of shares or Convertible debentures

FCTRS             : Report by Indian company for transfer of shares from resident to Non-resident or Non-Resident to   Resident

FNC 1             : Application for opening branch office or Liaison office

ADR / GDR     : Return to be filled by an India company who has issued ADR or GDR

ODI Part I        : Application for direct investment in a JV / WOS

ODI Part II       : Reporting of remittances to JV / WOS

ODI Part III      : Annual Performance Report

ODI Part IV       : Report on closure / disinvestment / liquidation / winding up of JV / WOS

SDF                    : Declaration of Exports

SOFTEX             : Software Export declaration form

TC                       : Approvals, drawal, utilization and repayment of trade credit

XOS                     : Statement of particulars of export bills outstanding beyond the prescribed period.

Amendment in Rationalisation of Form Overseas Direct Investment(ODI)

The Reserve Bank of India on August 21st, 2012 has issued a circular by revising the ODI forms for Indian entities making in investments in aboard.

An Indian party is required to submit to the Reserve bank of India(Regional office where company registered office is situate) through the Authorised Dealer every year within 60 days from date  of expiry of the statutory period of audited accounts  of the Joint venture (JV) / Wholly Owned Subsidiary (WOS) outside India, an Annual peromance report (APR) in Form ODI Part III in respect of each JV or WOS set up or acquired by the Indian party.

Further, an Indian party is allowed to undertake overseas direct investments under general permission route (Automatic Route) subject to compliance to the Regulation 6  or Regulation 7 of the notification. as per Regulation 6(2) (iv) requires that the India party has to submit the APR in respect of all its overseas investments  in the format given in part III of the Form ODI.

The Following items in section 'E'  and 'F' of form ODI part I, to be submitted by every Indian party in terms of Regulation 6(2) (vi) of the Notification, while undertaking ODI transactions

a) In Section 'E' after item (c), item (d) wherever applicable, the Annual permanence Report (APR), as required in terms of Regulations 15 iii of the notification no.FEMA 120/ RB-2004 dated July, 2004 , as amended from  time to time in respect of all the existing JV or WOS of the Indian party has submitted.

b)  In Section 'F' , after item (v) a clause "Further , certified that, wherever applicable, the Annual performance Report, as required in terms of Regulation 15(iii) of the Notification ibid, in respect of all the existing JV or WOS of the Indian party has been submitted."

 THE REVISED ODI FORMS ARE IN THE  BELOW RBI CIRCULAR: 

RBI/2012-13/171 A.P(DIR Series) circular No.15

http://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=7518&Mode=0