https://www.taxtmi.com/circulars?id=11758 Downstream investments by an Indian banking company owned or controlled by non-residents made under Corporate Debt Restructuring, other loan restructuring mechanisms, held in trading books, or arising from acquisition of shares due to loan defaults shall not count as indirect foreign investment; however, strategic downstream investments-investments by these banks in their subsidiaries, joint ventures and associates-shall count towards indirect foreign investment. en-us Tue, 31 Jul 2012 00:00:00 +0530 Wed, 01 Aug 2012 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11758 Downstream investments by an Indian banking company owned or controlled by non-residents made under Corporate Debt Restructuring, other loan restructuring mechanisms, held in trading books, or arising from acquisition of shares due to loan defaults shall not count as indirect foreign investment; however, strategic downstream investments-investments by these banks in their subsidiaries, joint ventures and associates-shall count towards indirect foreign investment. Circulars FEMA Tue, 31 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11758