Section 08 — Regulator audit timeline and worked case file
One filing. Six regulators. Every second accounted for.
A real-shaped case file — Oil and Natural Gas Corporation Limited, ₹ 475.00 cr to Singapore — replayed on a clock. The timeline records exactly when each authority picked the packet up, what it processed in parallel, and the gap between hand-offs. Below it, the same case is carried through the money pipeline, from the three numbers the treasury enters to the amount credited abroad.
In plain words
Instead of a file sitting on six desks one after another, all six read their own copy at almost the same moment. This page shows the stopwatch on every desk, and then shows the arithmetic on the money itself so nothing is taken on trust.
00 — Choose or build the dataset to run
Saved simulation runs — 0 on the shelf
currently loaded · ONGC · ₹475 cr · Automatic route
Nothing saved yet. Run a dataset above, give it a name, and it will sit here for reload — on this browser, with no server copy.
In plain words
Put your own three numbers in — what the company is worth, what it has already committed abroad and what it wants to send now. The identical statutory engine runs on your figures, and the table at the bottom of this page puts your result side by side with the ONGC ₹475 crore automatic-route run and the ONGC ₹4,75,000 crore approval-route run.
01 — The case file
Reference
CV-ODI-2026-ONGC-475
Filing entity
Oil and Natural Gas Corporation Limited
CIN
L74899DL1993GOI054155
AD bank
State Bank of India — AD Cat-I, Mumbai
Corridor
Singapore · SGD
Purpose
Equity subscription in an overseas wholly owned E&P subsidiary (ODI)
Audited net worth
₹ 25,000.00 cr
Already committed abroad
₹ 4,000.00 cr
Proposed now
₹ 475.00 cr
Route determined
Automatic · 4.5% of ceiling
02 — Regulator pickup timeline, replayed live
Authority and officer
Pickup → hold → clearance
Gap to pickup
Rail gateway
Validation, fan-out, ledger commit
dispatch at T+0:42
Mandate
Financial Intelligence Unit — India
PMLA reporting: beneficial ownership, PEP exposure and sanctions across the step-down chain.
In plain words: Checks nobody behind the deal is on a watch list, and that the money's origin is clean.
Processed in parallel inside this desk
UBO chain resolution (3 levels)
+0s → +18s · Alibaba Cloud · compute · running
Sanctions and PEP screen
+4s → +30s · Alibaba Cloud · compute · running
Corridor typology score
+20s → +44s · LangChain · orchestration · running
STR decision logged
+46s → +61s · Federated ledger · running
Cleared with no report raised. Digest committed at T+107s. — evidence digest aab5e7906f979c2b
Parallel wall-clock
3:33
Same work, one desk at a time
10:57
Seconds saved by parallelism
444s
Longest hand-off gap
5s
In plain words
Every bar above starts before the one before it has finished. That overlap is the whole point: the six authorities are reading their own sealed copy at the same time, so the file clears in 3:33 instead of 10:57 — and the exact wait before each desk opened the packet is on the record, in seconds, permanently.
03 — Hand-off gap ledger
| Authority | Picked up at | Wait after dispatch | Gap from previous pickup | Held for | Cleared at | Overlapped |
|---|---|---|---|---|---|---|
| FIU-IND | T+0:46 | 4s | first desk | 61s | T+1:47 | 58s with another desk |
| DPIIT | T+0:49 | 7s | 3s | 78s | T+2:07 | 74s with another desk |
| CBDT | T+0:53 | 11s | 4s | 96s | T+2:29 | 92s with another desk |
| IFSCA | T+0:57 | 15s | 4s | 112s | T+2:49 | 108s with another desk |
| MoF | T+1:01 | 19s | 4s | 121s | T+3:02 | 116s with another desk |
| RBI | T+1:06 | 24s | 5s | 147s | T+3:33 | 116s with another desk |
In plain words
A gap is not a delay to hide — it is evidence. If an authority ever sat on a packet longer than its band, this table is where it shows up, and the same rows are what an auditor or a court would read years later.
04 — The money, computed step by step
The same case carried through the arithmetic. Each step names what went in, the formula applied, the statute behind it and what came out. Steps unlock as the replay above advances — or read them all straight away.
01 · Treasury input captured
Human desk
Inputs
- Audited net worth — ₹ 25,000.00 cr
- Existing financial commitment — ₹ 4,000.00 cr
- Amount proposed now — ₹ 475.00 cr
- Destination — Singapore · SGD
Computation
Signed treasury packet = net worth + outstanding commitment + proposed amount + purpose
Figures are pulled from the last audited balance sheet certified under section 143, and the packet is signed with the treasurer's key before anything else runs.
Output
CV-ODI-2026-ONGC-475
Packet sealed
digest e21ec59b10e02706
In plain words: The finance team enters three numbers once — what the company is worth, what it has already sent abroad, and what it wants to send now.
02 · Rule 7 ceiling computed
Qwen · reasoning
Inputs
- Net worth — ₹ 25,000.00 cr
- Statutory multiple — 400%
Computation
Ceiling = net worth × 4 = ₹ 25,000.00 cr × 4
Rule 7, Foreign Exchange Management (Overseas Investment) Rules 2022 — total financial commitment may not exceed 400% of net worth.
Output
₹ 1,00,000.00 cr
Total permissible commitment
digest 7fe6e679b3581ef4
In plain words: The law lets a company commit up to four times what it is worth. That is the ceiling for everything it sends abroad.
03 · Headroom and route elected
Qwen · reasoning
Inputs
- Ceiling — ₹ 1,00,000.00 cr
- Already committed — ₹ 4,000.00 cr
- This deal — ₹ 475.00 cr
Computation
Headroom = ₹ 1,00,000.00 cr − (₹ 4,000.00 cr + ₹ 475.00 cr)
Utilisation after this deal is 4.5% of the ceiling, so the filing rides the Automatic route: no prior approval, post-facto reporting only.
Output
₹ 95,525.00 cr
Remaining headroom · Automatic route
digest 9da08e3f8a89e45e
In plain words: Adding this deal still keeps the company under the legal limit, so it does not need to ask permission first — it just has to report it.
04 · Counterparty and sanctions screening
Alibaba Cloud · compute
Inputs
- Beneficiary chain — 3 step-down entities
- Lists checked — UNSC · OFAC · MHA · internal
Computation
Screen(beneficial owners ∪ directors ∪ step-down chain) against watch lists
Runs in an India-resident region; the whole ownership chain is screened, not just the immediate payee.
Output
0 hits · cleared
Screening result
digest 6e48986c81e1374d
In plain words: The system checks that nobody behind the receiving company is on any banned list.
05 · Section 195 withholding tested
Qwen · reasoning
Inputs
- Remittance — ₹ 475.00 cr
- Income component — 0%
- Rate if taxable — 10%
Computation
TDS = ₹ 475.00 cr × 0% × 10%
Equity subscription is a capital contribution, not income in the payee's hands, so nothing is withheld — the conclusion is written into Form 15CA/15CB with the reasoning quoted.
Output
₹ 0
Tax withheld
digest 00a6b1febe13b163
In plain words: Tax is only held back when the money is somebody's income. Buying shares in your own subsidiary is not income, so no tax is deducted — but the reason is recorded.
06 · Foreign exchange leg priced
Alibaba Cloud · compute
Inputs
- Interbank mid — ₹ 63.42 / SGD
- AD bank margin — 11 paise
- Principal — ₹ 475.00 cr
Computation
Gross FX = ₹ 475.00 cr ÷ ₹ 63.53
The dealt rate, the mid and the margin are all sealed into the block, so the pricing can be re-audited years later.
Output
SGD 74,767,826.22
Gross foreign currency
digest 07af5168b2add496
In plain words: The rupees are converted at a rate that is recorded permanently, so nobody can argue about the price afterwards.
07 · Charges, GST and the rupee debit
LangChain · orchestration
Inputs
- Bank charges — ₹ 1,25,000
- GST @ 18% — ₹ 22,500
- TDS — ₹ 0
Computation
Debit = ₹ 475.00 cr + ₹ 0 + ₹ 1,25,000 + ₹ 22,500
Every rupee leaving the account is itemised against the statute or contract that authorises it.
Output
₹ 4,75,01,47,500
Total debited in India
digest 0e59fe2742c265d4
In plain words: This is the exact amount taken out of the Indian bank account, including the bank's fee and the tax on that fee.
08 · Settlement abroad
Federated ledger
Inputs
- Gross FX — SGD 74,767,826.22
- Correspondent fee — SGD 950
Computation
Credited = SGD 74,767,826.22 − SGD 950
The credited figure, the UIN and the evidence digest are committed to the same block every regulator node holds.
Output
SGD 74,766,876.22
Credited in Singapore
digest 3e4941cd5b954ecf
In plain words: This is what actually lands in the overseas account after the intermediary bank takes its cut.
Debited in India
₹ 4,75,01,47,500
Tax withheld u/s 195
₹ 0
Rate dealt
₹ 63.53 / SGD
Credited in Singapore
SGD 74,766,876
In plain words
Start: three numbers from the balance sheet. Finish: an exact figure in a Singapore account, with the ceiling, the tax reasoning, the exchange rate and every fee sealed into the same block the regulators hold. Anyone can re-run this arithmetic and land on the same number.
05 — Your dataset against the built-in simulations
Compare against baseline
changed against baseline identical| Measure | ONGC · ₹475 cr · Automatic routebaseline | ONGC · ₹4,75,000 cr · Approval route | Bharat Industrials · ₹475 cr · Built-in case |
|---|---|---|---|
| Filing entity1 differ | Oil and Natural Gas Corporation Limited | Oil and Natural Gas Corporation Limited | Bharat Industrials LimitedOil and Natural Gas Corporation Limited |
| Amount proposed1 differ | ₹ 475.00 cr | ₹ 4,75,000.00 cr₹ 475.00 cr | ₹ 475.00 cr |
| Rule 7 ceiling (400% of net worth)1 differ | ₹ 1,00,000.00 cr | ₹ 1,00,000.00 cr | ₹ 3,368.00 cr₹ 1,00,000.00 cr |
| Commitment after this deal2 differ | ₹ 4,475.00 cr | ₹ 4,79,000.00 cr₹ 4,475.00 cr | ₹ 2,635.00 cr₹ 4,475.00 cr |
| Ceiling utilisation2 differ | 4.5% | 479.0%4.5% | 78.2%4.5% |
| Headroom left2 differ | ₹ 95,525.00 cr | ₹ -3,79,000.00 cr₹ 95,525.00 cr | ₹ 733.00 cr₹ 95,525.00 cr |
| Route determined1 differ | Automatic | ApprovalAutomatic | Automatic |
| Clearance mode1 differ | Machine cleared, post-facto report | Prior approval, human sign-off at every deskMachine cleared, post-facto report | Machine cleared, post-facto report |
| Total debited in India1 differ | ₹ 4,75,01,47,500 | ₹ 47,50,00,01,47,500₹ 4,75,01,47,500 | ₹ 4,75,01,47,500 |
| Credited abroad1 differ | SGD 74,766,876 | SGD 74,767,825,274SGD 74,766,876 | SGD 74,766,876 |
| Parallel wall-clock1 differ | 3:33 | 9:373:33 | 3:33 |
| Same work one desk at a time1 differ | 10:57 | 26:3010:57 | 10:57 |
| Seconds saved by parallel rail1 differ | 444s | 1013s444s | 444s |
Approval clock chart · click a bar to inspect a step
| Approval step · pick-up → cleared (clock from submission) | ONGC · ₹475 cr · Automatic routebaseline | ONGC · ₹4,75,000 cr · Approval route | Bharat Industrials · ₹475 cr · Built-in case |
|---|---|---|---|
| FIU-IND | 0:46 → 1:47machine cleared | 1:27 → 3:51human sign-off · mode changedpick-up +0:41 · cleared +2:04 | 0:46 → 1:47machine cleared |
| DPIIT | 0:49 → 2:07machine cleared | 1:33 → 4:09human sign-off · mode changedpick-up +0:44 · cleared +2:02 | 0:49 → 2:07machine cleared |
| CBDT | 0:53 → 2:29human sign-off | 1:40 → 5:02human sign-offpick-up +0:47 · cleared +2:33 | 0:53 → 2:29human sign-off |
| IFSCA | 0:57 → 2:49human sign-off | 1:47 → 5:15human sign-offpick-up +0:50 · cleared +2:26 | 0:57 → 2:49human sign-off |
| MoF | 1:01 → 3:02human sign-off | 1:54 → 7:40human sign-offpick-up +0:53 · cleared +4:38 | 1:01 → 3:02human sign-off |
| RBI | 1:06 → 3:33human sign-off | 2:03 → 9:37human sign-offpick-up +0:57 · cleared +6:04 | 1:06 → 3:33human sign-off |
In plain words
Same engine, same statute, three different sets of numbers. At ₹475 crore ONGC stays under the 400% ceiling and clears automatically in minutes. At ₹4,75,000 crore the same company breaches the ceiling, so the file is forced onto the approval route — every desk switches to human sign-off, extra work is added, and the clock stretches. Your own dataset lands wherever the arithmetic puts it. Every cell marked in red is a value that moved away from the baseline column you picked — the old figure is struck through underneath it, so you can see at a glance which route, which ceiling and which approval-step clock times actually changed.
Present this exact comparison
The link carries your selected dataset, the baseline you are comparing against, the hidden lanes and the step you clicked — including your own saved figures, so a regulator opening it sees precisely what is on your screen.
Qwen · reasoning
Statutory reasoning model reads the rule and the filing together, and writes the conclusion with the rule quoted.
LangChain · orchestration
Chains the retrieval, tool calls and checks in a fixed order so every filing is examined the same way.
Alibaba Cloud · compute
Runs the heavy document and screening workloads in an India-resident region.
Federated ledger
Each result is hash-chained into a block every regulator node holds a copy of.
Human desk
A named officer signs this off. The machine only prepares the file.