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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..... 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 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 inve .....

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..... anagement Act, 1999 (42 of 1999) and are 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 cond .....

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..... wever, not preclude downstream operating companies, from raising debt in the domestic market. Downstream investments through internal accruals are permissible by an Indian company engaged only in activity of investing in the capital of another Indian company/ies, subject to the provisions of clause 6(i) and as also elaborated below: - Circular - Trade Notice - Public Notice - Ins .....

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