Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    No Records Found
    ❯❯
    MaximizeMaximizeMaximize
    0 / 200
    Expand Note
    Add to Folder

    No Folders have been created

      +

      Are you sure you want to delete "My most important" ?

      NOTE:

      News
      Showing Results for :
      Reset Filters
      Results Found:
      AI TextQuick Glance by AIHeadnote
      Show All SummariesHide All Summaries
      No Records Found

      News

      Back

      All News

      Showing Results for :
      Reset Filters
      Showing
      Records
      ExpandCollapse
        No Records Found

        News

        Back

        All News

        whatsappJoin Channel
        Showing Results for : Reset Filters
        Case ID :
        Customs, DGFT & SEZ

        Government Approves 17 Proposals of Foreign Direct Investment Amounting to about Rs.262.5594 Crore

        May 7, 2013

        📋
        Contents
        Note

        Note

        -

        Bookmark

        print

        Print

        Login to TaxTMI
        Verification Pending

        The Email Id has not been verified. Click on the link we have sent on

        Didn't receive the mail? Resend Mail

        Don't have an account? Register Here

        Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on March 13, 2013, the Central Government has approved Seventeen (17) proposals of Foreign Direct Investment amounting to Rs. 262.5594 crore approximately.

        Following are the details of proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 13.03.2013:    

        Following Seventeen (17) proposals have been approved :

        Sl. No.

        Name of the applicant

        Particulars of the proposal

        FDI/NRI inflows

        (Rs. In crore)

        INDUSTRIAL POLICY & PROMOTION

        1

        Ms. Sonia Sharma and Mr. Harish Kumar Sharma

        Induction of foreign capital contribution in the proposed LLP.

        0.32

        2

        M/s Hussmann International Holdings (Netherlands) Cooperatief, U.A

        Induction of foreign capital contribution in an LLP.

        0.0004

        PHARMACEUTICALS

        3

        M/s SIDD Life Sciences Pvt. Ltd., Tamil Nadu

        Post facto approval for issuance of shares prior to receipt of full inward remittance.   Engaged in the business of manufacturing of medical/surgical equipment & orthopaedic appliances etc.

        0.61(already brought in)

        4

        M/s Sanofi-Synthelabo (India) Limited, Mumbai

        An existing pharma company to acquire another pharma company through internal accruals.

        180.00

        5

        M/s Oxford Lifesciences Pvt. Ltd., Mumbai

        Transfer of shares from Resident to NR in a brownfield Indian pharmaceutical company.

        0.18

        6

        M/s Oxford Laboratories Pvt. Ltd., Mumbai

        Transfer of shares from Resident to NR in a brownfield Indian pharmaceutical company.

        0.52

        7

        M/s Mylan Laboratories Limited, Hyderabad

        An existing Indian pharma company with FDI to acquire formulation vials manufacturing facility from another existing Indian pharma company.

        Nil

         FINANCIAL SERVICES

        8

        M/s AGS Transact Technologies Limited, Mumbai

        Company having FDI to set up White Label ATMs.

        Nil

         DEFENCE PRODUCTION

        9

        M/s Amertec Systems Pvt. Ltd., New Delhi

        Induction of foreign equity to carry out the manufacturing of advanced electronic systems, test systems, simulators and electronic systems for military applications.

        0.05

         HOME AFFAIRS

        10

        M/s Pipavav Defence and Offshore Engineering Company Ltd.

        A defence sector company, which has 26 percent foreign equity participation (provisional approval) including for issuance of FCCBs has sought amendment in FC approval and issuance of shares to an identified foreign investor.

        Nil

        INFORMATION & BROADCASTING

        11

        M/s Asia Net Communication Ltd.

        Transfer of shares from Resident to Non-resident to carry out the business of broadcasting non-news and current affairs television channels.

        0.02

        INDUSTRIAL POLICY & PROMOTION

        12

        M/s Delhi Duty Free Services Pvt. Ltd.

        Post facto approval for transfer of shares from resident to Non-resident for setting up a JV company operating duty free shops.

        Nil

        13

        M/s Moton Colortronic Plastic Machinery (I) Pvt. Ltd.

        Post-facto approval for issue and allotment of shares issued towards pre-incorporation expenses to carry out the business of manufacture of Auxillary equipment used in Plastic/Polymers processing industry.

        Nil

        TELECOMMUNICATIONS

        14

        Augere Wireless Broadband (I) Pvt. Ltd.

        To capitalize the balance amount of the spectrum fee earlier paid to DoT.

        70.66 (already brought in)

        INDUSTRIAL POLICY & PROMOTION

        15

        M/s Zap Piling India Pvt. Ltd., Chennai

        Post facto approval for issuance of shares on incorporation of the company, the consideration for which was received subsequently.

        2.54

        16

        Mrs. Jayalakshmi Jagannathan, Chennai

        To set up an LLP.

        0.009

        17

        M/s Na Pali Europe SARL, France

        Induction of foreign contribution in an Indian company to carry out the business of single brand retail trading.

        7.65

         The following seven (7) proposals have been deferred:

        Sl. No

        Name of the applicant

        Particulars of the proposal

        1

        M/s Mylan Laboratories Ltd., Hyderabad

        An existing listed Indian pharma company with FDI to acquire entire business of manufacturing from another existing Indian pharma company.

        2

        M/s Muthoot Finance Limited, Kerala

        Company having FDI to set up White Label ATMs.

        3

        M/s Euronet Services India Pvt. Ltd.

        Company having FDI to set up White Label ATMs.

        4

        M/s Empays Payment System India Pvt. Ltd., Mumbai

        Company having FDI to undertake the business of providing Multi-bank Instant Mobile Technology.

        5

        M/s Dewsoft Fabrication Private Limited, New Delhi

        A defence sector company to transfer 26 % holdings to a foreign company against technology transfer fee payable to the foreign company.

        6

        M/s Punj Lloyd

        Representation against the denial of security clearance.

        7

        M/s K. Tech Pvt. Ltd., Chennai

        To issue equity shares against the value of import of first hand machinery to carry out the business of manufacturing certain automobile components.

                     The following one (1) proposal has been rejected:

        Sl. No

        Name of the applicant

        Particulars of the proposal

        1

        M/s Trakshun Management Consultants LLP

        LLP to become a WOS of a foreign company.

                    The following two (02) proposals have been withdrawn from the Agenda:      

        Sl. No

        Name of the applicant

        1

        M/s Srei Infrastructure Finance Limited, Kolkata

        2

        M/s Stemcor Holdings Ltd.

         Decision in the following one (1) proposal will be communicated separately:

         Sl. No.

        Name of the applicant

        Particulars of the proposal

        1

        M/s Domino Printech Pvt. Ltd.

        Clarification regarding clause 6, 11 and 19 of FC approval dated 10.5.2012.

         

        DSM/RS/ka

        (Release ID :95765)

        Foreign direct investment approvals: multiple sectoral FDI proposals cleared while several were deferred, one rejected and some withdrawn. Seventeen FDI proposals were approved across multiple sectors for induction of foreign capital, share transfers, post-facto regularisation of issuances, capitalization of prior payments and formation of LLPs/JVs; seven proposals were deferred, one rejected, two withdrawn and one pending separate communication.
                          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.

                                Foreign direct investment approvals: multiple sectoral FDI proposals cleared while several were deferred, one rejected and some withdrawn.

                                Seventeen FDI proposals were approved across multiple sectors for induction of foreign capital, share transfers, post-facto regularisation of issuances, capitalization of prior payments and formation of LLPs/JVs; seven proposals were deferred, one rejected, two withdrawn and one pending separate communication.





                                Note: It is a system-generated summary and is for quick reference only.

                                Topics

                                ActsIncome Tax
                                No Records Found