Successful allocation of UIN for the Form ODI Part I ( Automatic Route) Transaction

reported online
2 messages

<[email protected]> Sat, Feb 4, 2023 at 5:53 PM

To: [email protected]
Cc: [email protected], [email protected], [email protected], [email protected]

RESERVE BANK OF INDIA

FOREIGN EXCHANGE DEPARTMENT
www.rbi.org.in

Dear IDBI BANK LTD,

You have successfully submitted to RBI the Form ODI Part I (Automatic Route) transaction for which UIN has been
allotted, the details of which are as follows:

(a) Transaction No.: 01 - 691003920230007

(b) Reporting Date: February 4, 2023
(c) Name of the Authorized Dealer (AD) Bank : IDBI BANK LTD (6910039)
(d) Name/s of the Indian Party : RAMACHANDRAN GANESAN
(e) Name of the JV / WOS : NIVETHA IMPORTS AND EXPORTS LIMITED
(f) Place of the JV / WOS : BANGLADESH
(g) Whether JV / WOS : JV
(h) Unique Identification Number (UIN) Allotted : MAJAZ20230246
(i) Remittance / Transaction details :

Date of Financial
Code & Name of the Indian
S.No Commitment (Transaction / Date of online Reporting < p>Source
Party / Resident Individual
Remittance Date)

Financial Commitment (in Actuals)

Currency
Guarantee Guarantee
Equity Loan
Issued Invoked

Cash
AXPPR1179M -
Remittance -
1 RAMACHANDRAN 04/02/2023 04/02/2023 USD 1913.59 0 0 0
Market
GANESAN
purchase

[Note: You may view this transaction through "View Transaction" screen.]

2. It is further advised as under:

i. AD bank shall quote the above UIN in all the correspondence with RBI
and the Indian Party / Resident Individual to quote the UIN in all the correspondence with RBI / AD bank in respect
of the above JV / WOS.

ii. Please note that the allotment of UIN does not constitute an approval from RBI for the
investment/s made / to be made in the above overseas JV / WOS.
 iii. Indian Party / Resident Individual to submit the required documents,in terms of A.P (DIR Series) Circular No.14
dated September 05, 2008, to the designated AD bank.

iv. The Indian Party / Resident Individual may approach RBI through the designated AD bank in case of change in the
designated AD bank.

v. The Financial Commitment to the JV / WOS by way of equity contribution / loan / corporate
guarantee and disinvestment from the said JV / WOS shall be covered by FEMA, 1999 and the
relevant Rules / Regulations / Directions issued there under. The compliance with the
provisions of Notification No. FEMA 120/RB-2004 dated July 07, 2004, as amended from time
to time, should be ensured by the Indian Party / Resident Individual / designated AD bank.

vi. The allotment of UIN is also subject to the additional terms and conditions, if any, conveyed / prescribed by the
Reserve Bank in due course.

vii. This communication is issued from FEMA, 1999 angle and should not be construed to convey
the approval/s by any other statutory authority of Government under any other laws.
If further approval/s or permission/s is/are required from any other regulatory authority or
Government under relevant laws/regulations, the Indian Party / Resident Individual should take the approval of
the agency concerned before effecting the transaction. Further,it should not be construed
as regularizing or validating any irregularities,contravention/s or other/s, if any, under
the provisions of any other laws/regulations.

Kind Regards,

Overseas Investment Division

Foreign Exchange Department
Reserve Bank of India
5th Floor, Amar Building, Fort
Mumbai - 400001
Tel No: +91 22 22603000
FAX No: +91 22 22632088
E-MAIL: [email protected]

Note: This is an auto-generated e-mail from an unmonitored mailbox and does not require any signature. Please do not
reply to this email, as replies are automatically discarded. If you find any inaccuracies in the data, please contact the
officials concerned in the AD Bank / Overseas Investment Division.

RAMACHANDRAN G <[email protected]> Sat, Feb 4, 2023 at 7:06 PM

To: [email protected]

---------- Forwarded message ---------

From: <[email protected]>
Date: Sat, Feb 4, 2023, 5:53 PM
Subject: Successful allocation of UIN for the Form ODI Part I ( Automatic Route) Transaction reported online
To: <[email protected]>
Cc: <[email protected]>, <[email protected]>, <[email protected]>,
<[email protected]>

RESERVE BANK OF INDIA

FOREIGN EXCHANGE DEPARTMENT
www.rbi.org.in

Dear IDBI BANK LTD,

You have successfully submitted to RBI the Form ODI Part I (Automatic Route) transaction for which UIN has been
allotted, the details of which are as follows:
(a) Transaction No.: 01 - 691003920230007
(b) Reporting Date: February 4, 2023
(c) Name of the Authorized Dealer (AD) Bank : IDBI BANK LTD (6910039)
(d) Name/s of the Indian Party : RAMACHANDRAN GANESAN
(e) Name of the JV / WOS : NIVETHA IMPORTS AND EXPORTS LIMITED
(f) Place of the JV / WOS : BANGLADESH
(g) Whether JV / WOS : JV
(h) Unique Identification Number (UIN) Allotted : MAJAZ20230246
(i) Remittance / Transaction details :

Date of Financial
Code & Name of the Indian
S.No Commitment (Transaction / Date of online Reporting < p>Source
Party / Resident Individual
Remittance Date)

Financial Commitment (in Actuals)

Currency
Guarantee Guarantee
Equity Loan
Issued Invoked

Cash
AXPPR1179M -
Remittance -
1 RAMACHANDRAN 04/02/2023 04/02/2023 USD 1913.59 0 0 0
Market
GANESAN
purchase

[Note: You may view this transaction through "View Transaction" screen.]

2. It is further advised as under:

i. AD bank shall quote the above UIN in all the correspondence with RBI
and the Indian Party / Resident Individual to quote the UIN in all the correspondence with RBI / AD bank in respect
of the above JV / WOS.

ii. Please note that the allotment of UIN does not constitute an approval from RBI for the
investment/s made / to be made in the above overseas JV / WOS.

iii. Indian Party / Resident Individual to submit the required documents,in terms of A.P (DIR Series) Circular No.14
dated September 05, 2008, to the designated AD bank.

iv. The Indian Party / Resident Individual may approach RBI through the designated AD bank in case of change in the
designated AD bank.

v. The Financial Commitment to the JV / WOS by way of equity contribution / loan / corporate
guarantee and disinvestment from the said JV / WOS shall be covered by FEMA, 1999 and the
relevant Rules / Regulations / Directions issued there under. The compliance with the
provisions of Notification No. FEMA 120/RB-2004 dated July 07, 2004, as amended from time
to time, should be ensured by the Indian Party / Resident Individual / designated AD bank.

vi. The allotment of UIN is also subject to the additional terms and conditions, if any, conveyed / prescribed by the
Reserve Bank in due course.

vii. This communication is issued from FEMA, 1999 angle and should not be construed to convey
the approval/s by any other statutory authority of Government under any other laws.
If further approval/s or permission/s is/are required from any other regulatory authority or
Government under relevant laws/regulations, the Indian Party / Resident Individual should take the approval of
the agency concerned before effecting the transaction. Further,it should not be construed
as regularizing or validating any irregularities,contravention/s or other/s, if any, under
the provisions of any other laws/regulations.
 

Kind Regards,

Overseas Investment Division

Foreign Exchange Department
Reserve Bank of India
5th Floor, Amar Building, Fort
Mumbai - 400001
Tel No: +91 22 22603000
FAX No: +91 22 22632088
E-MAIL: [email protected]

Note: This is an auto-generated e-mail from an unmonitored mailbox and does not require any signature. Please do not
reply to this email, as replies are automatically discarded. If you find any inaccuracies in the data, please contact the
officials concerned in the AD Bank / Overseas Investment Division.