https://www.taxtmi.com/news?id=465 Thirteen FDI proposals were approved across multiple ministries authorising induction of foreign equity, conversion of operating companies into operating-cum-holding companies for downstream investment, issuance of shares (including rights issues and issuance in lieu of capitalization of pre-incorporation expenses), and subscription to unsecured fully and compulsorily convertible debentures; some approvals attract Press Note 1 of 2005 and one contemplates units issuance for Defence SME investment under the FDI Policy. Three proposals seeking preferential allotment, downstream investment approvals, or post-facto regularisation of automatic-route inflows were deferred. en-us Fri, 13 Jun 2008 18:08:43 +0530 Mon, 23 Jun 2008 09:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=465 Thirteen FDI proposals were approved across multiple ministries authorising induction of foreign equity, conversion of operating companies into operating-cum-holding companies for downstream investment, issuance of shares (including rights issues and issuance in lieu of capitalization of pre-incorporation expenses), and subscription to unsecured fully and compulsorily convertible debentures; some approvals attract Press Note 1 of 2005 and one contemplates units issuance for Defence SME investment under the FDI Policy. Three proposals seeking preferential allotment, downstream investment approvals, or post-facto regularisation of automatic-route inflows were deferred. News - Fri, 13 Jun 2008 18:08:43 +0530 https://www.taxtmi.com/news?id=465