Total foreign investment rules: aggregation of direct and indirect foreign investment and compliance obligations for downstream investments. Regulation 14 defines and aggregates total foreign investment by counting all direct investments by non-residents and indirect investments arising from Indian investing companies with foreign investment, applies the methodology at every investment stage, requires disclosure of ownership and control and consideration of inter se shareholder agreements for approvals, and mandates that downstream investments comply with sectoral entry routes, caps and funding norms while requiring annual statutory auditor certification of compliance.