https://www.taxtmi.com/acts?id=37921 Downstream investment by Indian entities having foreign investment must comply with the applicable entry route, sectoral caps, pricing guidelines and attendant foreign-investment conditions. Total foreign investment, calculated on a fully diluted basis, includes direct and indirect foreign investment, with prescribed treatment for debt conversion, debt-backed instruments, portfolio investment and wholly owned subsidiaries. Indirect-foreign-investment downstream investments require Board approval, compliant funding, and annual statutory-auditor certification and directors' report disclosure. The first-level investing Indian company is responsible for compliance at every subsequent investment level. en-us Sat, 19 Oct 2019 16:23:37 +0530 Tue, 01 Sep 2026 11:14:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37921 Downstream investment by Indian entities having foreign investment must comply with the applicable entry route, sectoral caps, pricing guidelines and attendant foreign-investment conditions. Total foreign investment, calculated on a fully diluted basis, includes direct and indirect foreign investment, with prescribed treatment for debt conversion, debt-backed instruments, portfolio investment and wholly owned subsidiaries. Indirect-foreign-investment downstream investments require Board approval, compliant funding, and annual statutory-auditor certification and directors' report disclosure. The first-level investing Indian company is responsible for compliance at every subsequent investment level. Act-Rules FEMA Sat, 19 Oct 2019 16:23:37 +0530 https://www.taxtmi.com/acts?id=37921