What is the procedure to be followed by an eligible entity to make direct investment in a JV/WOS under the Automatic Route?

A. The eligible Indian Party intending to make a direct investment under the automatic route is required to fill in the form ODA supported by documents listed therein, i.e., certified copy of the Board Resolution, Statutory Auditors certificate, Valuation report (in case of acquisition of an existing company) as per the valuation norms and approach an Authorised Dealer (designated Authorised Dealer) for making the investment/remittance.