https://www.taxtmi.com/acts?id=40949 An Indian entity may lend to or invest in debt instruments of a foreign entity or extend non fund based commitments, including to overseas step down subsidiaries, only within the financial commitment limit prescribed by Overseas Investment Rules and only if the Indian entity is eligible for Overseas Direct Investment, has made ODI in the foreign entity, and has acquired control of that foreign entity when making the commitment. Commitments under related regulations are reckoned toward the same financial commitment limit. en-us Tue, 23 Aug 2022 15:33:30 +0530 Tue, 03 Jun 2025 17:53:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40949 An Indian entity may lend to or invest in debt instruments of a foreign entity or extend non fund based commitments, including to overseas step down subsidiaries, only within the financial commitment limit prescribed by Overseas Investment Rules and only if the Indian entity is eligible for Overseas Direct Investment, has made ODI in the foreign entity, and has acquired control of that foreign entity when making the commitment. Commitments under related regulations are reckoned toward the same financial commitment limit. Act-Rules FEMA Tue, 23 Aug 2022 15:33:30 +0530 https://www.taxtmi.com/acts?id=40949