https://www.taxtmi.com/circulars?id=7383 Automatic approval is unavailable to foreign collaborators who have or had prior joint ventures or technology/trade-mark arrangements in the same or allied field; a regulatory declaration is required and such cases must seek prior government approval for new joint ventures or technology transfers, providing detailed circumstances and justification. The investor must prove the proposal will not prejudice existing partners or stakeholders, and the approval authority has discretion to approve with or without conditions or to reject while recording reasons. en-us Mon, 14 Dec 1998 00:00:00 +0530 Fri, 04 Sep 2009 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7383 Automatic approval is unavailable to foreign collaborators who have or had prior joint ventures or technology/trade-mark arrangements in the same or allied field; a regulatory declaration is required and such cases must seek prior government approval for new joint ventures or technology transfers, providing detailed circumstances and justification. The investor must prove the proposal will not prejudice existing partners or stakeholders, and the approval authority has discretion to approve with or without conditions or to reject while recording reasons. Circulars FEMA Mon, 14 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7383