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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Indian entities making downstream investments must follow foreign investment rules including sectoral caps and pricing guidelines</h1> Foreign Exchange Management regulations define downstream investment as investment by Indian entities in other Indian entities' capital instruments. Key definitions include ownership as beneficial holding exceeding 50% of capital, control as right to appoint majority directors or manage policy decisions, and indirect foreign investment as downstream investment from foreign-controlled Indian entities. Indian entities receiving indirect foreign investment must comply with foreign investment entry routes, sectoral caps, and pricing guidelines. Total foreign investment calculations apply at every investment stage. Downstream investments require board approval, foreign funds rather than domestic borrowing, and compliance certification from statutory auditors with annual reporting requirements.
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