Automatic route restriction for foreign collaborators with prior local ventures: must obtain government approval and justify non prejudice to existing partners. Automatic approval is unavailable to foreign collaborators who have or had prior joint ventures or technology/trade-mark arrangements in the same or allied field; a regulatory declaration is required and such cases must seek prior government approval for new joint ventures or technology transfers, providing detailed circumstances and justification. The investor must prove the proposal will not prejudice existing partners or stakeholders, and the approval authority has discretion to approve with or without conditions or to reject while recording reasons.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Automatic route restriction for foreign collaborators with prior local ventures: must obtain government approval and justify non prejudice to existing partners.
Automatic approval is unavailable to foreign collaborators who have or had prior joint ventures or technology/trade-mark arrangements in the same or allied field; a regulatory declaration is required and such cases must seek prior government approval for new joint ventures or technology transfers, providing detailed circumstances and justification. The investor must prove the proposal will not prejudice existing partners or stakeholders, and the approval authority has discretion to approve with or without conditions or to reject while recording reasons.
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