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<h1>Understanding 'Other Capital' in FDI: FEMA Guidelines on Debt Components and Reporting for Indian Companies</h1> Other capital in Foreign Direct Investment (FDI) refers to debt components excluding equity and participating preference shares. For Indian companies with direct investors holding over 10% equity, it includes trade credit, loans, debentures, non-participating share capital, and other accounts receivable and payables. For companies with non-resident investors holding less than 10% equity and indirect related parties, it similarly encompasses these financial instruments. These components must be reported at nominal value as per the guidelines outlined in the Foreign Exchange Management Act (FEMA).