https://www.taxtmi.com/news?id=878 Government approvals, deferrals, rejections and procedural advisories from a Foreign Investment Promotion Board cycle are summarised: 23 FDI proposals were approved across multiple sectors involving equity subscriptions, joint ventures, fund investments, warrant issuance/conversion, share transfers, buy backs and downstream investments, with several approvals noting compliance with Press Notes and some regularising prior investments. Thirteen proposals were deferred, two rejected, some applicants were advised to use the automatic route or to approach the central bank, one proposal was returned pending policy notification, and one proposal was withdrawn. en-us Tue, 09 Jun 2009 15:39:08 +0530 Tue, 09 Jun 2009 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=878 Government approvals, deferrals, rejections and procedural advisories from a Foreign Investment Promotion Board cycle are summarised: 23 FDI proposals were approved across multiple sectors involving equity subscriptions, joint ventures, fund investments, warrant issuance/conversion, share transfers, buy backs and downstream investments, with several approvals noting compliance with Press Notes and some regularising prior investments. Thirteen proposals were deferred, two rejected, some applicants were advised to use the automatic route or to approach the central bank, one proposal was returned pending policy notification, and one proposal was withdrawn. News - Tue, 09 Jun 2009 15:39:08 +0530 https://www.taxtmi.com/news?id=878