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AI Drafter - (New and Powerful) ✕ Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
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Further to para 8 of the Press Release dated November 19, 2013, wherein it was stated that decision of the Two (2) proposals will be communicated separately, the Government has approved one (1) proposal of Foreign Direct Investment.
Following 1 (One) proposal has been approved:
Sl. No | Name of the applicant | Particulars of the proposal | FDI/NRI inflows (Rs In crore) |
1 | M/s DLF Limitless Developers Pvt. Ltd. | Exit of foreign investors and the repatriation of the capital as the construction sector project could not even acquire land. | No fresh inflow |
The following 1 (One) proposal has been deferred:
Sl. No | Name of the applicant | Particulars of the proposal |
1 | M/s SingTel Global (India) Pvt. Ltd. | To increase the foreign equity participation of the existing foreign investor from 74% to 100% in telecom sector company. |
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