https://www.taxtmi.com/news?id=529 The Finance Minister approved 24 FDI proposals across multiple sectors following FIPB recommendations, authorising subsidiary formations, equity acquisitions, joint ventures, downstream investments via conversions to operating cum holding companies, issuance of partly paid shares and convertible warrants, and ex post facto regularisations. Several approvals invoke Press Note 1 of 2005. Eleven proposals were deferred for further scrutiny, and two proposals were rejected, one for an early repatriation share transfer and one for raising foreign equity in telecommunication services. The notice differentiates approvals involving fresh equity inflows from those restructuring existing foreign participation. en-us Wed, 06 Aug 2008 17:19:09 +0530 Wed, 06 Aug 2008 17:19:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=529 The Finance Minister approved 24 FDI proposals across multiple sectors following FIPB recommendations, authorising subsidiary formations, equity acquisitions, joint ventures, downstream investments via conversions to operating cum holding companies, issuance of partly paid shares and convertible warrants, and ex post facto regularisations. Several approvals invoke Press Note 1 of 2005. Eleven proposals were deferred for further scrutiny, and two proposals were rejected, one for an early repatriation share transfer and one for raising foreign equity in telecommunication services. The notice differentiates approvals involving fresh equity inflows from those restructuring existing foreign participation. News - Wed, 06 Aug 2008 17:19:09 +0530 https://www.taxtmi.com/news?id=529