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August 18, 2009
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Foreign Direct Investment approvals: ten proposals cleared while others were deferred, rejected, withdrawn, or referred upward.
Government action on foreign direct investment proposals: ten proposals approved across multiple sectors with specified issuance or transfer mechanisms (including joint ventures, preferential allotment, warrants and convertible bonds), nine proposals deferred for further scrutiny (including defence, share transfers, ex post approvals and security clearance issues), three proposals rejected for non compliance with capitalization or conditions, one withdrawn, and one high value proposal referred to the Cabinet Committee on Economic Affairs for consideration.
August 3, 2009
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Foreign investment calculation rules clarified and government approval required when ownership or control shifts to non residents.
Guidelines set a uniform methodology for calculating total foreign investment, clarifying treatment of direct and indirect holdings across sectors except where specific statutes apply, and require government/FIPB approval in capped sectors when ownership or control transfers to non-residents or when Indian companies make downstream investments, with applicability to the banking sector.
August 3, 2009
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Company law reform consolidates incorporation, governance, e compliance and insolvency into a unified statutory framework for stronger accountability.
Comprehensive revision consolidating company incorporation, governance, compliance, restructuring and winding up under a centralized statutory framework administered by the Central Government; enabling electronic filings and faster incorporation with director identification, strengthening governance through shareholder democracy, independent directors, Key Managerial Personnel, board committees and independent valuation, criminalizing insider trading, mandating consolidated financials, and providing a unified insolvency and enforcement regime with specified penalties, recovery for fraud, investor protection measures and specialized tribunals.

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Acts Income Tax