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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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        Case ID :
        Income Tax

        Proposal of M/s. Shriram Financial Ventures (Chennai) Pvt. Ltd., (i) to allot shares to M/s. Sanlam Emerging Markets (Mauritius) Limited, and (ii) M/s. Sanlam Emerging Markets (Mauritius) Limited to hold, through M/s. Shriram Financial Ventures (Chennai), a stake, not exceeding 26 per cent, in M/s. Shriram Capital Limited

        August 24, 2012

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        Press Information Bureau

        Government of India

        Ministry of Finance

        23-August-2012 19:36 IST

        Proposal of M/s. Shriram Financial Ventures (Chennai) Pvt. Ltd., (i) to allot shares to M/s. Sanlam Emerging Markets (Mauritius) Limited, and (ii) M/s. Sanlam Emerging Markets (Mauritius) Limited to hold, through M/s. Shriram Financial Ventures (Chennai), a stake, not exceeding 26 per cent, in M/s. Shriram Capital Limited

        The Cabinet Committee on Economic Affairs today gave its approval to the proposal of M/s. Shriram Financial Ventures (Chennai) Pvt. Ltd. as recommended by FIPB.

        The approval would result in FDI amounting to Rs.2000 crore approximately in the country.

        ***

        SC/SKS/SM

        Foreign investment approval permits Sanlam to acquire a minority stake in Shriram Capital via Shriram Financial Ventures. Approval authorizes Shriram Financial Ventures (Chennai) Pvt. Ltd. to allot shares to Sanlam Emerging Markets (Mauritius) Limited and permits Sanlam, through Shriram Financial Ventures, to hold a minority equity stake in Shriram Capital Limited, following FIPB recommendation and Cabinet Committee on Economic Affairs clearance under the Foreign Direct Investment framework.
                          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 investment approval permits Sanlam to acquire a minority stake in Shriram Capital via Shriram Financial Ventures.

                                Approval authorizes Shriram Financial Ventures (Chennai) Pvt. Ltd. to allot shares to Sanlam Emerging Markets (Mauritius) Limited and permits Sanlam, through Shriram Financial Ventures, to hold a minority equity stake in Shriram Capital Limited, following FIPB recommendation and Cabinet Committee on Economic Affairs clearance under the Foreign Direct Investment framework.


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