https://www.taxtmi.com/acts?id=37921 Downstream investment by an Indian entity that has received foreign investment is treated as indirect foreign investment and must comply with entry routes, sectoral caps, pricing guidelines and attendant conditions; strategic downstream investments by banks arising from restructuring are counted, while certain restructuring-related investments are excluded. Calculation of total foreign investment applies at every investment stage, includes equity from debt conversions, excludes debt-like instruments, and limits indirect investment in wholly owned subsidiaries. Funding for downstream investments must be from funds brought from abroad or internal accruals; first-level investing companies must ensure multilevel compliance, obtain annual auditor certification and disclose compliance in the directors' report. en-us Sat, 19 Oct 2019 16:23:37 +0530 Fri, 30 May 2025 11:00:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37921 Downstream investment by an Indian entity that has received foreign investment is treated as indirect foreign investment and must comply with entry routes, sectoral caps, pricing guidelines and attendant conditions; strategic downstream investments by banks arising from restructuring are counted, while certain restructuring-related investments are excluded. Calculation of total foreign investment applies at every investment stage, includes equity from debt conversions, excludes debt-like instruments, and limits indirect investment in wholly owned subsidiaries. Funding for downstream investments must be from funds brought from abroad or internal accruals; first-level investing companies must ensure multilevel compliance, obtain annual auditor certification and disclose compliance in the directors' report. Act-Rules FEMA Sat, 19 Oct 2019 16:23:37 +0530 https://www.taxtmi.com/acts?id=37921