Foreign Investment in India – Guidelines for calculation of total foreign investment in Indian companies, transfer of ownership and control of Indian companies and downstream investment by Indian companies https://www.taxtmi.com/circulars?id=52434 Indian companies making downstream investments must bring in requisite funds from abroad and not use funds borrowed in the domestic market; downstream operating companies may raise domestic debt. Downstream investments through internal accruals are permissible only by an Indian company engaged solely in investing in the capital of another Indian company/ies and are subject to the provisions of clause 6(i). en-us Thu, 12 Sep 2013 00:00:00 +0530 Thu, 12 Sep 2013 18:43:00 +0530 TaxTMI RSS Generator Foreign Investment in India – Guidelines for calculation of total foreign investment in Indian companies, transfer of ownership and control of Indian companies and downstream investment by Indian companies https://www.taxtmi.com/circulars?id=52434 Indian companies making downstream investments must bring in requisite funds from abroad and not use funds borrowed in the domestic market; downstream operating companies may raise domestic debt. Downstream investments through internal accruals are permissible only by an Indian company engaged solely in investing in the capital of another Indian company/ies and are subject to the provisions of clause 6(i). Circulars FEMA Thu, 12 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52434