Typically ODI compliance guidelines are applicable to the following individuals and entities in India:
Indian Residents: Any Indian citizen or resident who wishes to invest in foreign entities or acquire ownership in businesses outside India is subject to ODI compliance. This includes individuals making personal or business-related investments abroad.
Indian Companies: Businesses incorporated in India looking to expand internationally through mergers, acquisitions, joint ventures, or wholly-owned subsidiaries outside India must comply with ODI guidelines.
Partnership Firms and LLPs: Indian partnership firms and Limited Liability Partnerships (LLPs) that wish to invest in foreign companies or entities are required to follow the ODI regulations.
Other Indian Entities: Trusts, societies, and other entities registered under Indian law that plan to make direct investments abroad must also adhere to the ODI framework.