State the obligations of an Indian person who has made direct investment outside India, under the provisions of the Foreign Exchange Management Act, 1999.

An Indian Party which has made direct investment outside India is required to comply with the following: Receive share certificates or any other documentary evidence of investment in the foreign Joint Venture (JV)/ Wholly Owned Subsidiary (WOS) as an evidence of investment and submit the same to the designated Authorised Dealer within 6 months; Repatriate to India, all dues receivable from the foreign JV/WOS, like dividend, royalty, technical fees etc. Submit to the Reserve Bank through the designated Authorized Dealer, every year, an Annual Performance Report in respect of each JV or WOS outside India set up or acquired by the Indian party.