Single format · FV08-B9-1

Board resolution approving a downstream investment by a FOCC

A single format from the Downstream Investment and Indirect Foreign Investment pack. Rule 23, FEM (NDI) Rules 2019 · ss.179(3), 186 Companies Act 2013.

Length
3 pages
Blanks to fill
40
Files
Word and PDF
Law stated to
16 September 2026

What it covers

  1. 1Board resolution approving a downstream investment by a FOCCRule 23, FEM (NDI) Rules 2019 · ss.179(3), 186 Companies Act 201340 blanks

Read the opening

The first part of the format, as it downloads. Blanks are highlighted.

Certified true copy of the resolution passed at the meeting of the Board of Directors of [Name of the investing company] held on [DD.MM.YYYY] at [time] at [place / through video conferencing]

APPROVAL OF DOWNSTREAM INVESTMENT IN [NAME OF INVESTEE]

The Chairperson informed the Board that the Company is a company [owned / controlled / owned and controlled] by persons resident outside India within the meaning of Rules 22 and 23 of the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019. The basis is set out in the FOCC status note dated [Date of the FOCC status note] placed before the meeting. Any investment by the Company in another Indian entity is therefore indirect foreign investment in that entity, and must comply with the entry route, sectoral cap, conditions, pricing guidelines and reporting requirements under the said Rules.

7 more paragraphs and tables follow in the full format.

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