https://www.taxtmi.com/circulars?id=5620 Downstream investment by Indian companies owned or controlled by non-resident entities is subject to the same entry route, conditionalities and sectoral caps as direct foreign investment; Press Note 2 (2009) provides the methodology for calculating total foreign investment at every stage. The policy distinguishes only operating companies, operating cum investing companies, and investing companies, prescribing sectoral compliance for recipients, mandatory prior Government approval for investing companies, notification requirements, board/shareholder approvals for equity induction, SEBI/RBI valuation rules, and inbound funding requirements for investing companies. en-us Wed, 25 Feb 2009 00:00:00 +0530 Wed, 21 Oct 2009 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5620 Downstream investment by Indian companies owned or controlled by non-resident entities is subject to the same entry route, conditionalities and sectoral caps as direct foreign investment; Press Note 2 (2009) provides the methodology for calculating total foreign investment at every stage. The policy distinguishes only operating companies, operating cum investing companies, and investing companies, prescribing sectoral compliance for recipients, mandatory prior Government approval for investing companies, notification requirements, board/shareholder approvals for equity induction, SEBI/RBI valuation rules, and inbound funding requirements for investing companies. Circulars FEMA Wed, 25 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5620