What are definitions of “Foreign Subsidiary”, “Foreign Associate” and “Special Purpose Vehicle”

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.... - FEMA - FAQ<br>FEMA<br>Ans: Foreign Subsidiary: An Indian entity is called as a Foreign Subsidiary if a non-resident investor owns more than 50% of the voting power/equity capital OR where a non-re....

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....oting power/equity capital of an Indian enterprise. Special Purpose Vehicle: A special purpose Vehicle (SPV) is a legal entity (usually a limited company of some type or, sometimes, a limited partner....