https://www.taxtmi.com/news?id=567 Seventeen proposals for Foreign Direct Investment were approved across multiple sectors, authorising conversions of operating companies into operating cum holding companies for downstream investments, equity issuances and warrant conversions, establishment of wholly owned subsidiaries for retail and wholesale trading, induction of foreign equity up to specified percentages in infrastructure and telecom entities, and amendments to permit downlinking. Nine proposals were deferred for further scrutiny, largely involving post facto regularisation, convertible instruments, WOS formation and downstream investment permissions. One proposal for cash and carry wholesale trading was rejected and certain large proposals were recommended for higher executive review. en-us Fri, 05 Sep 2008 10:07:46 +0530 Fri, 05 Sep 2008 10:07:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=567 Seventeen proposals for Foreign Direct Investment were approved across multiple sectors, authorising conversions of operating companies into operating cum holding companies for downstream investments, equity issuances and warrant conversions, establishment of wholly owned subsidiaries for retail and wholesale trading, induction of foreign equity up to specified percentages in infrastructure and telecom entities, and amendments to permit downlinking. Nine proposals were deferred for further scrutiny, largely involving post facto regularisation, convertible instruments, WOS formation and downstream investment permissions. One proposal for cash and carry wholesale trading was rejected and certain large proposals were recommended for higher executive review. News - Fri, 05 Sep 2008 10:07:46 +0530 https://www.taxtmi.com/news?id=567