Foreign Investment in India – Guidelines for calculation of total foreign investment in Indian companies, transfer of ownership and control of Indian companies and downstream investment by Indian companies

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....in India - Guidelines for calculation of total foreign investment in Indian companies, transfer of ownership and control of Indian companies and downstream investment by Indian companies Attention of Authorised Dealers Category - I (AD Category - I) banks is invited to Para 6 (ii) of Annex to A.P. (DIR Series) Circular No. 1 dated July 04, 2013 as regards downstream investments by an Indian compa....

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.... without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (C.D. Srinivasan) Chief General Manager [Annex to A.P.(DIR Series) Circular No.42 dated 12.09.2013] c.f. Annex to A.P.(DIR Series) Circular No. 1 dated June 04, 2013 Earlier Condition Revised condition Para E 6 (ii) (d) For the purpose of downstream investment, the Indian companies....