Downstream investment - urgent

Dear Friends,

Can any one clarify me which investments are covered under down stream investment.

Case:

Comapny A is Owned and controlled by Non residents and Company A obtained money from domestic market and giving it to subsidiary and associate companies as loan. 

1) Is this a down stream investment and require FIPB Approval.

2) whether Intercorporate loan are treated as downstream invesment under FDI policy

3) whether any restriction under FEMA/ FDI policy

Please send your views.

Thanks & Regards