https://www.taxtmi.com/news?id=348 Approvals were granted for twenty FDI proposals permitting joint ventures with majority foreign equity, induction of foreign equity up to prescribed ceilings by preferential allotment of compulsorily convertible preference shares, conversion of advances into equity, formation of wholly owned subsidiaries for manufacturing and trading, and restructuring of operating companies into holding vehicles to enable downstream investments; several approvals are subject to government press-note restrictions affecting sectoral entry and equity conditions. en-us Wed, 09 Apr 2008 01:22:00 +0530 Mon, 23 Jun 2008 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=348 Approvals were granted for twenty FDI proposals permitting joint ventures with majority foreign equity, induction of foreign equity up to prescribed ceilings by preferential allotment of compulsorily convertible preference shares, conversion of advances into equity, formation of wholly owned subsidiaries for manufacturing and trading, and restructuring of operating companies into holding vehicles to enable downstream investments; several approvals are subject to government press-note restrictions affecting sectoral entry and equity conditions. News - Wed, 09 Apr 2008 01:22:00 +0530 https://www.taxtmi.com/news?id=348