📌You Cannot Make Financial Commitment Before ODI
In this video, we explain in simple terms:
✅ What qualifies as a financial commitment under RBI’s ODI regulations
⚠️ Why sending funds, signing contracts, or issuing guarantees before ODI approval can lead to compliance violations
📄 Step-by-step overview of required documentation for ODI
🔁 New changes under the updated ODI framework and how they impact businesses and individual
This is a must-watch for startups, corporates, and individuals looking to invest abroad under the automatic or approval route.
📌 Key Takeaway
You cannot commit funds, sign agreements, or undertake any overseas obligation unless your ODI is filed and acknowledged by the RBI through the UIN system. Stay compliant. Avoid penalties.
Need help with ODI documentation or compliance?
📩 Contact us today for expert assistance.