https://www.taxtmi.com/notifications?id=118804 Amendments clarify definitions and compliance for foreign investment in India by inserting a definition of Manufacture, redefining ownership and control (including LLPs and the right to appoint directors or designated partners), and tightening downstream investment and reporting requirements. Indian entities making downstream investments must notify authorities, comply with valuation and funding norms, and obtain annual statutory auditor certification of FDI conditionality compliance; investment vehicles and LLPs are subject to specified entry route, ownership tests and sectoral caps as reflected in revised Schedules. en-us Mon, 15 Feb 2016 00:00:00 +0530 Tue, 19 Apr 2016 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=118804 Amendments clarify definitions and compliance for foreign investment in India by inserting a definition of Manufacture, redefining ownership and control (including LLPs and the right to appoint directors or designated partners), and tightening downstream investment and reporting requirements. Indian entities making downstream investments must notify authorities, comply with valuation and funding norms, and obtain annual statutory auditor certification of FDI conditionality compliance; investment vehicles and LLPs are subject to specified entry route, ownership tests and sectoral caps as reflected in revised Schedules. Notifications FEMA Mon, 15 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=118804