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August 24, 2016
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Foreign Direct Investment approvals expand permitted downstream acquisitions and equity increases following FIPB recommendations.
Central Government approved seven FIPB-recommended FDI proposals including a post facto approval for equity issued after a court-approved demerger in wholesale trading, amendment of prior approval conditions for an investing company/small finance bank, takeover of a publication, a downstream acquisition to make a pharmaceutical subsidiary wholly owned, intra-group acquisition of a minority pharmaceutical stake, acquisition of a healthcare company, and issuance of CCDs increasing foreign equity in a telecom company. Seven proposals were deferred for further scrutiny and five were rejected on policy or route-related grounds.
August 13, 2016
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Unclaimed investor funds: refund mechanism pending notification of authority's power; refunds permitted from government grant once notified.
Unclaimed amounts for the Investor Education and Protection Fund are currently deposited into the Consolidated Fund of India; the provision empowering the Fund Authority to refund unclaimed and unpaid amounts remains unnotified due to pending Rules and consultations, and refunds to eligible claimants will be possible only after notification and from grants allotted to the Authority by the Government.
August 12, 2016
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Company donations to national funds permitted where funds have central approval; government does not maintain contribution records.
Corporate donations to approved national funds are authorised by statute, permitting companies to contribute to specified memorial funds or other charitable funds of national importance that have Central Government approval; the Central Government does not maintain consolidated data on company contributions.
August 12, 2016
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Revenue from foreign company registrations reported as a government income stream; employment impact data not maintained.
Revenue from foreign company registrations constituted a quantifiable government income stream across the referenced period, with year-by-year receipts and an aggregate total reported; the government confirmed it does not maintain or report information on employment generated by those foreign companies.
August 11, 2016
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Unique Business Identification Number to unify registrations using a Common Application Form, pending software changes and eBiz rollout.
Issuance of a Unique Business Identification Number (BIN) will consolidate ten central government registration and licensing services using INC 29 as the Common Application Form (CAF). The Ministry of Corporate Affairs is to notify the form and modify its software while eBiz undertakes development; following software completion and audit the BIN will be launched on the eBiz portal to enable integrated digital processing of the specified services.
August 3, 2016
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Fund of Funds support for startups via SEBI-registered AIF investments managed by a designated fund manager expands startup financing.
A government-managed Fund of Funds channels capital into SEBI-registered Alternative Investment Funds, which then invest in startups across sectors and States; part of the corpus has been sanctioned to a set of AIFs. Concurrently, many startups have applied for programme recognition while a smaller number have been formally recognized, and state-level allocation or investment details are not available in official disclosures.

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Acts Income Tax