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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>India Eases Foreign Investment Rules: No Prior Approval Needed for Same Equity Percentage, Projects up to Rs. 600 Crore.</h1> The Indian government has revised foreign investment guidelines, allowing companies to increase foreign equity amounts without prior approval, provided the percentage of foreign equity remains unchanged and the original project cost is up to Rs. 600 crore. This change applies to joint ventures and wholly-owned subsidiaries, facilitating additional foreign investment inflows. Companies must notify the Secretariat of Industrial Assistance within 30 days of receiving funds and allotting shares. However, increases in foreign equity percentage or cases initially approved by the CCFI still require prior government approval. This update aims to streamline financial restructuring and investment processes.