Financial commitment by Indian entities outside equity: must meet ODI eligibility, prior ODI and control conditions. An Indian entity may lend to or invest in debt instruments of a foreign entity or extend non fund based commitments, including to overseas step down subsidiaries, only within the financial commitment limit prescribed by Overseas Investment Rules and only if the Indian entity is eligible for Overseas Direct Investment, has made ODI in the foreign entity, and has acquired control of that foreign entity when making the commitment. Commitments under related regulations are reckoned toward the same financial commitment limit.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Financial commitment by Indian entities outside equity: must meet ODI eligibility, prior ODI and control conditions.
An Indian entity may lend to or invest in debt instruments of a foreign entity or extend non fund based commitments, including to overseas step down subsidiaries, only within the financial commitment limit prescribed by Overseas Investment Rules and only if the Indian entity is eligible for Overseas Direct Investment, has made ODI in the foreign entity, and has acquired control of that foreign entity when making the commitment. Commitments under related regulations are reckoned toward the same financial commitment limit.
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