https://www.taxtmi.com/news?id=743 Guidelines define total foreign investment by counting all direct non resident investments as foreign, imputing indirect foreign investment through investing companies unless those investing Indian companies are owned and controlled ultimately by resident Indian citizens; if investing companies are owned or controlled by non residents their entire downstream investment is treated as indirect foreign investment. An exception limits indirect investment in wholly owned subsidiaries to the parent's foreign investment. Changes in ownership or control that transfer an Indian company from resident Indian ownership to non resident entities in capped sectors require government/FIPB approval. en-us Thu, 12 Feb 2009 09:10:35 +0530 Thu, 12 Feb 2009 09:10:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=743 Guidelines define total foreign investment by counting all direct non resident investments as foreign, imputing indirect foreign investment through investing companies unless those investing Indian companies are owned and controlled ultimately by resident Indian citizens; if investing companies are owned or controlled by non residents their entire downstream investment is treated as indirect foreign investment. An exception limits indirect investment in wholly owned subsidiaries to the parent's foreign investment. Changes in ownership or control that transfer an Indian company from resident Indian ownership to non resident entities in capped sectors require government/FIPB approval. News - Thu, 12 Feb 2009 09:10:35 +0530 https://www.taxtmi.com/news?id=743