https://www.taxtmi.com/news?id=190 The Foreign Investment Promotion Board recommended approval of 22 FDI proposals totaling Rs. 511.4616 crore across multiple ministries, authorising new wholly owned subsidiaries, joint ventures, induction of foreign equity, share issues for business transfers and corporate reorganisation including conversions to operating cum holding companies; some proposals invoke Press Note 1 (2005 series) compliance. The Board also recommended deferral of 13 proposals-notably conversions to holding structures, single brand retail ventures, telecom and SEZ related WOS proposals-and recommended rejection of three proposals that sought to expand duty free or test marketing permissions into cash and carry wholesale activities. en-us Sat, 24 Nov 2007 09:56:00 +0530 Wed, 25 Jun 2008 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=190 The Foreign Investment Promotion Board recommended approval of 22 FDI proposals totaling Rs. 511.4616 crore across multiple ministries, authorising new wholly owned subsidiaries, joint ventures, induction of foreign equity, share issues for business transfers and corporate reorganisation including conversions to operating cum holding companies; some proposals invoke Press Note 1 (2005 series) compliance. The Board also recommended deferral of 13 proposals-notably conversions to holding structures, single brand retail ventures, telecom and SEZ related WOS proposals-and recommended rejection of three proposals that sought to expand duty free or test marketing permissions into cash and carry wholesale activities. News - Sat, 24 Nov 2007 09:56:00 +0530 https://www.taxtmi.com/news?id=190