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    Downstream Investment Reporting

    Posted By : Sachin / Published on : 27-May-2021 08:08 AM / View : 574 / Comment : 0

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    Dear Members,

    I am in the process of reporting of downstream investment.

    As far as I understand the onus of reporting is on the Indian Entity which is investing further in another Indian Entity.

    While creating Business User for Indian Investor Entity, the Form is asking for IFSC Code and Branch. Now my question though treated as downstream investment, the movement of funds is from one Indian Bank to another Indian Bank. There is no inward remittance as such from Foreign Country.

    In this case which Bank to be selected? How to decide which bank will process this transaction?
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