Downstream Investment
The moment a client's Indian company is more than half foreign-owned, or foreign-controlled, every investment it makes in another Indian company carries the full FDI regime with it.
- 4 pages
- 57
- Word and PDF
- 12 September 2026
The 2 formats inside
- 1Statutory auditor's certificate on downstream investmentRule 23, NDI Rules 2019On its own₹149
- 2Declaration to DPIIT on downstream investment, through the FIFPRule 23, NDI Rules 2019On its own₹149
Read the opening
The first part of “Statutory auditor's certificate on downstream investment”, as it downloads. Blanks are highlighted.
On the letterhead of the statutory auditors
CERTIFICATE ON COMPLIANCE WITH THE PROVISIONS RELATING TO DOWNSTREAM INVESTMENT
UNDER RULE 23 OF THE FOREIGN EXCHANGE MANAGEMENT (NON-DEBT INSTRUMENTS) RULES, 2019
To
The Board of Directors
[Name of the investing Indian company]
[Registered office address]
CIN: [Investing company's CIN]